The vision of “subsea factories” on seabeds around the world is one that is slowly becoming reality. Although the jigsaw of competing technologies needed to give an operator a field development toolbox it can work with is complicated, it is now increasingly achievable.
The importance of having such options at their disposal – whether for subsea separation, boosting, or compression – clearly is recognized by all the industry’s major players.
The rewards can be dramatic when the business case is right. It is generally accepted that boosted wet tree developments can deliver between 5% and 20% higher recovery rates than dry tree developments, for example.
Statoil has made no secret of its goals for advancing subsea processing technologies to improve recovery from existing fields. On its Gullfaks South field, the company has worked with Framo Engineering since 2008 developing technology for compressing wet gas on the seabed. The field’s current recovery rate is already 62%, and the combination of subsea compression and conventional low-pressure production in later phases could lift the total recovery rate to an outstanding 74%, according to Statoil, which would increase production by 106 Bcf (3 Bcm) of gas – an additional 6%.
The standard industry solution has been to supply compression from a platform or onshore, but the closer compression is placed to a well, the more gas can be extracted. That’s why companies like Statoil want to place the compressor on the seabed nearer to those wells.
At the recent OTC Brasil show in Rio de Janeiro, the company stressed in a presentation that it sees subsea processing very much as an enabling technology for both greenfield projects (mainly those in northern, Arctic, and deepwater areas) and brownfield developments that may otherwise be abandoned without being exploited to the maximum. New technology development remains the key to opening the door to innovative ways of applying subsea processing.
According to Simon Davies, Statoil project leader for subsea technology and operations, the vision of a “subsea factory” could drive the application of more sophisticated gas processing on the seabed (gas sweetening and gas dehydration). Longer and more remote step-outs are driving interest in developing local, potentially renewable power generation concepts, he added.
Pumping and compression technology also will continue to evolve, Davies said, with more robust and simplified systems becoming available that are capable of greater pressure boost while handling liquids without the need for upstream scrubbing. Separation systems will become more sophisticated, and new materials – including nanotechnology – also will have an increasing role in tomorrow’s systems.
As the industry finds and develops oil and gas reserves in deeper, more remote, and harsher environments, the technological challenges, qualification requirements, and technical risks of deploying subsea processing will increase, Davies said.
“However, the business upsides will also increase, and there will almost certainly be areas where subsea processing becomes an enabling technology, without which fields cannot be profitably developed,” he concluded.
Recommended Reading
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.