The subsea technology powerhouse, which offers integrated products and services, sees its inbound orders surpassing $4 billion by year-end.
Offshore activities will begin in 2022 using Subsea 7’s reel-lay, flex-lay and light construction vessels, Schlumberger says.
Many high-potential locations remain locked off due to the technical complexity of their production. However, with fresh advances in technology, many OEMs and EPCs alike are eyeing this next step to ensure they can stick the landing.
Installation and commissioning of the equipment are slated for 2022 and 2024.
Unique Group’s integrated optimization tools for offshore subsea operations are designed to improve efficiencies and safety.
TechnipFMC has been awarded its first integrated EPCI (iEPCI) contract in Brazil by Karoon Energy for the Patola field development, the company said on June 2.
A subsea water-cut measurement reduced flow assurance opex by 90% and saved an operator $2 million per year.