Page 28: of Maritime Reporter Magazine (April 2016)

’s mass order in largest offshore ? eet and its corporate platform supply vessels; Swire Paci? c 2000 program, where suppliers and oil

March of subsea complement. Offshore notched a $165 million de? cit companies together spend the 100 mil- equipment from “We’ve signi? cantly reduced our cost for 2015 on lost Brazil new-builds, and lion kroner allotted for technology trials

BP

OneSubsea wasn’t base, but we’re continuing to invest in Farstad Shipping booked a billion kroner in Oslo’s 2016 budget. Energy compa- supposed to happen. Not yet. A consen- technology. Now is the time to invest in in losses and closed its Aberdeen of? ce. nies provide 75 percent of pilot costs, sus of numbers crunchers said it would technology,” Mikaelsen asserts. Speak- the taxpayer 25 percent. At press time,

Supermajor tech be 2017 before subsea ordering again ing at the Swedbank energy conference the most “game-changing” demo looked picked up. So much equipment had been in Oslo, Mikaelsen says Subsea 7’s glob- Hence the importance of Egypt, where like West Group’s “continuous-motion bought and stored pending lower off- al project of? ces have recently been of- drilling and surveying preceded oil’s (robot) rig”, or CMR, aimed at saving shore vessel rates and higher oil prices, fering new heated pipeline technology: 2014 dip. Egypt offers deep, shallow money, energy and time while drill- that subsea services — not subsea equip- “Now we can do everything. Pipelines and mid-water ? eld work, and for One- ing (onshore, for now). Pilot parties are ment — was expected to pick up ? rst. in Brazilian deep water or shallow water Subsea, the strife-torn land offers long- ABB Robotics, Statoil, ConocoPhillips

Yet, the Cameron and Schlumberger (in the Caspian Sea).” distance gas ? elds that call for its new and Shell. business OneSubsea will supply BP and It isn’t just the heavyweights doing subsea kit: large-bore subsea trees and

Tax relief partner DEA in Egypt with deep-water some major winning of late: Singapore’s high-integrity pressure protection sys- subsea production systems for the West PACC Offshore Services in Febru- tems, or HIPPS. Offshore Britain, where cash and well

Nile Delta Phase II project. The equip- ary 2016 secured $85 million in Saudi HIPPS was jointly developed with BP stream are being hoarded, oil town Ab- ment, worth undisclosed millions, brings M&M work and is readying its project and signals new tech adoption which, erdeen is being forti? ed by the kick-off rewards of over $750 million for services people for ? ve corresponding, chartered paradoxically, tends (historically) to in mid-2015 of Maersk’s $4.5 billion out? t Subsea 7. Company executive vice new-builds. Aker Solutions, too, just happen when oil prices are low. In Nor- Culzean ? eld plus 250 million sterling president, Oyvind Mikaelsen, chalks the won over a billion kroner in ConocoPhil- way this year, a record 77 companies to keep skills in Aberdeen and 2016 tax win up to investing in technology while lips M&M off Norway. Reality check: applied for tech-pilot money via the relief and reform. downsizing by 30 percent the world’s Viking Supply has laid up its last two Norwegian Research Council’s Demo From March 2016, it is hoped a strong

Industry driver:

The Johan Sverdrup drilling platform.

Illustration: courtesy Statoil 28 Maritime Reporter & Engineering News • APRIL 2016

MR #4 (26-33).indd 28 4/7/2016 10:29:59 AM