Baker Hughes, a GE company (BHGE) announced the launch of its new approach to subsea development: Subsea Connect, including its Aptara™ TOTEX-lite subsea system, a suite of new lightweight, modular technologies designed for the full life of field. By combining planning and risk management, new modular deepwater technology, innovative partnerships and digital tools into a single offering, Subsea Connect can reduce the economic development point of subsea projects by an average of 30% and has the potential to unlock an additional 16 billion barrels of reserves globally.
With its fullstream portfolio and ability to make better connections across the development process, BHGE is uniquely positioned to influence approximately 80% of the costs associated with offshore projects.
Project Connect: BHGE’s independent workflow begins with targeted project outcomes, offering customers independent, flexible project assessment and management. The Project Connect approach eliminates project recycle, reduces cost and project overruns, and increases speed to Final Investment Decision (FID).
Reservoir to Topsides Technology Solutions: BHGE’s fullstream capability covers all aspects of a development, from the reservoir to the topside. This goes beyond the subsea scope and includes reservoir management, field development, well construction, topside optimization and subsea engineering. BHGE’s Aptara™ TOTEX-lite subsea system includes the lightweight compact tree, modular compact manifold, composite flexible risers, SFX wellhead solution, modular compact pump and subsea connection systems.
Flexible Partnerships and Commercial Models: BHGE’s partnership model is flexible and designed to leverage relationships with the most efficient, established partners to meet customers’ needs and improve project economics.
Digital Enablement: BHGE is layering critical technologies with next-generation digital solutions to drive greater uptime and enhance productivity. BHGE’s engageSubsea asset lifecycle management solution is one example, designed to optimize the planning, execution, and connectivity of subsea projects, resulting in enhanced execution and remote management of asset maintenance.