BHGE Launches Subsea Connect and Aptara™ TOTEX-Lite Subsea System to Unlock Value from Offshore Developments
November 28 2018 - 4:31PM
Business Wire
- Subsea Connect improves the economics
of offshore projects and has the potential to unlock an additional
16 billion barrels of oil reserves globally
- Aptara™ TOTEX-lite subsea system
incorporates lightweight, modular technologies designed for life of
field and re-engineered to cut the total cost of ownership in
half
- BHGE’s Subsea Production Systems (SPS)
Catalogue is the industry’s first comprehensive SPS catalogue
Baker Hughes, a GE company (NYSE: BHGE) announces the launch of
its new approach to subsea development: Subsea Connect, including
its Aptara™ TOTEX-lite subsea system, a suite of new lightweight,
modular technologies designed for the full life of field. By
combining planning and risk management, new modular deepwater
technology, innovative partnerships and digital tools into a single
offering, Subsea Connect can reduce the economic development point
of subsea projects by an average of 30 percent and has the
potential to unlock an additional 16 billion barrels of reserves
globally.
With its fullstream portfolio and ability to make better
connections across the development process, BHGE is uniquely
positioned to influence approximately 80 percent of the costs
associated with offshore projects. This provides an unparalleled
opportunity to lower operators’ CAPEX and OPEX requirements and
transform unsanctioned projects into commercially-viable ones.
Neil Saunders, president & CEO of BHGE’s Oilfield Equipment
business, said: “In recent years, our industry has made good
progress in lowering the cost of subsea projects to the point where
they have become more competitive with onshore developments. While
the gap has narrowed, we are taking that to the next level with
Subsea Connect, making long-lasting, sustainable change and driving
value from concept to commissioning and over the full life of
field.”
Subsea Connect is a combination of four key solutions:
- Project Connect: BHGE’s
independent workflow begins with targeted project outcomes,
offering customers independent, flexible project assessment and
management. The Project Connect approach eliminates project
recycle, reduces cost and project overruns, and increases speed to
Final Investment Decision (FID). BHGE’s unmatched breadth and depth
of capability across the value chain enables early engagement at
the concept evaluation phase and greater collaboration,
transforming project economics.
- Reservoir to Topsides Technology
Solutions: BHGE’s fullstream capability covers all aspects of a
development, from the reservoir to the topside. This goes beyond
the subsea scope and includes reservoir management, field
development, well construction, topside optimization and subsea
engineering. BHGE’s Aptara™ TOTEX-lite subsea system includes the
lightweight compact tree, modular compact manifold, composite
flexible risers, SFX wellhead solution, modular compact pump and
subsea connection systems. These technologies are modular,
structured, compact and designed to be more responsive to changing
conditions across the life of field, cutting total cost of
ownership by up to 50 percent.
- Flexible Partnerships and Commercial
Models: BHGE’s partnership model is flexible and designed to
leverage relationships with the most efficient, established
partners to meet customers’ needs and improve project economics.
BHGE’s innovative commercial solutions, aligned with customer
priorities, help to unlock additional value.
- Digital Enablement: BHGE is
layering critical technologies with next-generation digital
solutions to drive greater uptime and enhance productivity. BHGE’s
engageSubsea asset lifecycle management solution is one example,
designed to optimize the planning, execution, and connectivity of
subsea projects, resulting in enhanced execution and remote
management of asset maintenance. engageSubsea will drive up to a 20
percent reduction in maintenance costs, and up to a 5 percent
reduction in downtime through predictive analytics.
Saunders added: “We’re already delivering against Subsea
Connect. In addition to the introduction of new technology
solutions, we have invested significantly in structuring our subsea
production systems (SPS) portfolio to ensure shorter lead times –
by as much as 30 percent - and quicker responses, evidenced by our
comprehensive SPS Catalogue, which includes a full suite of ‘Make
to Order,’ ‘Configure to Order’ and ‘Engineer to Order’ variants.
We have also signed an agreement with a major operator to provide
the Aptara™ lightweight compact tree for deployment next year.”
Subsea Connect, the Aptara™ TOTEX-lite subsea system and BHGE’s
SPS Catalogue were unveiled today to E&P customers at a launch
event in Houston, USA.
About Baker Hughes, a GE company
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and
only fullstream provider of integrated oilfield products, services
and digital solutions. We deploy minds and machines to enhance
customer productivity, safety and environmental stewardship, while
minimizing costs and risks at every step of the energy value chain.
With operations in over 120 countries, we infuse over a century of
experience with the spirit of a startup – inventing smarter ways to
bring energy to the world. Visit us at BHGE.com.
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Media Relations:Kelly Russell, North America
Communications713.548.4176 | Kelly.Russell2@bhge.comGavin Roberts,
External Affairs Manager+44 7775547365 | gavin.roberts@bhge.com
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