The head of a subsea technology specialist company that has deployed revolutionary products for the global oil and gas industry says the sector needs to address the growing urgency for high-pressure connectors – as deep-water field developments are on the rise once again with recent rises in crude oil prices.
In 2012, oil giant BP launched of ‘Project 20K’, a research and development programme set up to create bespoke technologies able to drill, complete, produce, and intervene in deep-water reservoirs that have pressures of 20,000psi at the mud-line.
However, the industry downturn has meant that investment in deep-water technology has taken a backseat in recent years.
He said: “With high pressure at the seabed in the world’s most challenging deep-water basins, subsea connectors that yield the greatest result are critical for the most efficient offshore operations.
“As the oil price reaches a viable $70-barrel, operators are reconsidering exploring deep-water areas more and more, with particular areas of interest for our customers being in deep and ultra-deep waters such as the Gulf of Mexico, North Africa and the Middle East.
STL, which developed the XR Connector being deployed by an oil major in the North Sea, is aiming for new markets if there is demand within the supply chain for technology that will exceed current industry limitations on a global scale.
The Aberdeen-based company combines innovative technology with high-quality customer service throughout a project’s lifecycle, and its products – including the patented XR Connector – have been developed to overcome a number of challenges in the most demanding offshore environments.
Designed and developed in 10 years ago, the XR Connector is the only connector in the industry that is able to disconnect a riser at 100% of its rated bending capacity. It enhances safety and saves time and money by increasing a vessel’s operating window; ultimately increasing productivity levels.
4 May 2018