In the current backdrop of lower oil prices and cost-constrained development, there is a renewed focus on the potential that subsea processing technology can provide in challenging environments, such as deep water or long step-outs.
Innovative applications like subsea compression or subsea boosting have revolutionary potential — they can help extend life of field and speed up oil recovery with small environmental footprint compared to traditional operations.
Over the past decade or so, we have come a long way […] Most of these achievements would not have seemed possible before.
Over the past decade or so, we have come a long way, tackling and solving some of the major challenges in this arena.
Most of these achievements would not have seemed possible before, but we are now at the point where we – as a sector – have the technology at our disposal; where we have developed the project execution experience; and where we have built a global pool of subsea processing experts.
Considering the challenging low oil price environment, the timing could prove impeccable.
Where do you think this evolution will bring us?