TechnipFMC plc (NYSE:FTI) announced yesterday (10th July 2018) design changes on a range of its subsea products offerings. It further said that there is a need for sustainable improvements in the way subsea projects are delivered and that it requires fundamental changes to the design, (project) management and execution. Therefore, the company had assembled a team of experts in the past to redesign and to enhance the efficiency of its current subsea production system (SPS), in view of the ever low oil price, which hampers the cost competitiveness of both its deepwater and ultra-deepwater segments. The redesigned SPS is dubbed as the ‘Subsea 2.0’.

At a glance

According to TechnipFMC, its subsea products had been designed by combining both field-proven and new technologies and that they had become smaller, lighter and utilising fewer parts compared with the previous generations. The product platform is still built using standardized components, configured in a modular architecture in order to save cost through reduced complexity of concept and product design, a more efficient project delivery from engineering to installation, and optimized product performance and reduced costs beyond installation.

These simpler and smaller products thus enable up to 50% in weight and size saving and a further 70%-90% reduction in installation and material lead time leading to cost savings and higher investment return. The core products detail were as follow:

  • Compact Manifold
An improvement of up to 50% reduction in size and weight, saving up to 50% in delivery time

 

  • Compact Subsea Trees
A 50% reduction in size and weight with equal functionality as before
  • Improved Connectors
A similar 50% reduction in size and weight helps simplify interfaces
  • Improved Flexible Jumpers
A 50% improvement in material flexibility enabling more installation methods
  • Better Subsea Controls
TechnipFMC claimed of a reduction in size and weight helps save up to 80% in delivery time
  • Better Subsea Distribution
TechnipFMC claims of an Inline design enables installation with umbilicals which leads to further cost saving

With this new generation of subsea products, TechnipFMC is confident that it could transform the subsea engineering and to make the deepwater and ultradeepwater projects competitive once again.

escveritasEnergyOil & GasThe FutureSubsea,TechnipFMCTechnipFMC plc (NYSE:FTI) announced yesterday (10th July 2018) design changes on a range of its subsea products offerings. It further said that there is a need for sustainable improvements in the way subsea projects are delivered and that it requires fundamental changes to the design, (project) management and execution....