New concept will improve efficiencies for well intervention and workover operations.
Subsea technology has the potential to increase energy production and improve production rates. In deep and ultra deep water, tiebacks are a significant part of the subsea equation because of the costs associated with bringing additional fields online to increase overall production.
Investments in subsea technology over the past decade have paved the way for increased subsea development. At ABS, we recognize the importance of funding subsea research, from subsea manifolds and templates, to communications technology and processing equipment. Our goal is to work with the offshore industry to verify the components that will allow safe and reliable subsea development.
Subsea technology, electrification and communication research initiatives are underway in our technology headquarters in Houston and our global technology centers around the world. And we are partnering with industry and universities to develop technical guidance for the design, maintenance and life extension of subsea assets. Our Subsea, Umbilicals, Risers and Flowlines (SURF) team is collaborating with industry groups such as the International Electrotechnical Commission (IEC) and Institute of Electrical and Electronics Engineers (IEEE) to research subsea power solutions that will enable new development.