SUBSEA TECHNOLOGY
CLEVER
for specifi c fi elds and required signifi cant modifi cations for use in new developments. Today, operators are moving towards modular subsea solutions that can be adapted and reconfi gured to meet the needs of multiple projects. Modular subsea systems are not
only more cost-eff ective but also off er greater fl exibility in response to changing market conditions. By using standardised, interchangeable components, operators can more easily scale their operations and quickly deploy new systems without the need for bespoke engineering solutions. This approach also reduces the time required to bring new fi elds online, which is crucial in today’s competitive oil & gas market.
WHAT’S NEXT? The subsea oil & gas industry is on the cusp of a major transformation, driven by advancements in technology, digitalisation and sustainability. From autonomous underwater vehicles to carbon capture and subsea power generation, the future of subsea engineering is exciting and full of potential. As the industry faces increasing environmental pressures and the challenge of accessing deeper reserves, innovation in subsea technologies will be essential in shaping the future of off shore exploration and production.
COLLABORATION
Many players in subsea technology have observed that collaboration between stakeholders with the same interests can play enormous commercial dividends. Recent news on this front saw OneSubsea sign a long- term strategic collaboration agreement with Equinor, and will commence early engineering work on Wisting and Bay Du Nord projects. The agreement between
the Subsea Integration Alliance (OneSubsea and Subsea7) and Equinor provides a contractual framework for earlier and closer engagement throughout the project cycle to unlock more value from complex projects. The agreement paves the
way for exploratory work to begin on two projects: the Wisting fi eld offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada. The agreement will be a foundation for potential FEED and EPCI contracts to be awarded in case of fi nal investment decision. The agreement represents an innovative, integrated way of working. It enables early information sharing, technology innovation and other collaborative benefi ts critical to unlocking more subsea projects by making them economically viable. Building on their experience as members of the Subsea Integration Alliance, this agreement also further cements OneSubsea and Subsea7’s positions as trusted contractors to Equinor.
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