Connecting advanced digital technologies and analytics with traditional subsea services creates value through improved field performance. Clients deserve to get the most out of their producing assets.

Evolving digital technology will continue to play a growing role in improving the quality and value of services delivered to TechnipFMC’s clients. Developing digital solutions is key to maintaining production levels, extending and managing asset life, reducing operating expenses and sustaining safety and integrity.

In field performance operations, part of its life of field offerings, TechnipFMC has developed three core areas: condition performance monitoring, production management and asset integrity management.

Bridging across the three modules with advancing digital technology capabilities will bring far-reaching value to clients, ranging from saving time and money to boosting efficiency and safety. Digital technology is a pivotal tool for improving productivity, reducing costs and providing more useful analytics, enabling companies to make faster, more effective decisions to draw the best from existing subsea infrastructure.

Digital technology is gaining a strong foothold in the energy industry as more companies embrace its benefits. Digital transformation could unlock as much as $1.6 trillion of value for the oil and gas industry, its customers and society over the next decade, according to the World Economic Forum.

TechnipFMC sees a strong opportunity to exploit the insight generated by advanced digital tools to transform subsea services such as inspection, maintenance and repair (IMR), well intervention, and onshore and offshore asset management. This positions the company to move from preventive to predictive, reactive to proactive, heavy to light intervention, and vessel-based to remote.

In condition performance monitoring, a surveillance system that provides qualified and continuously updated knowledge about a subsea asset’s integrity 24/7 in real time, tying in advancing digital technology to traditional services will allow operators to

  • Enable a true condition-based IMR philosophy and execution;
  • Reduce unplanned shutdowns and minimize production deferment through insight and early warning signals;
  • Integrate operations from data acquisition to execution to increase speed from identified issue to delivered solution;
  • Optimize asset management through the global scheduling of maintenance and interventions.

Emerging digital technology helps further propel condition performance monitoring in its ability to maximize production uptime and asset availability across the life of a field, advancing early detection and diagnosis capabilities. This offers the potential for increasing equipment efficiency and the ability to perform planned rather than unplanned maintenance. Benefits vary, but in general the value delivered is about 5% additional uptime, leading to significant productivity gains.

Effective flow management helps operators maximize the performance of subsea production systems using various flow assurance strategies, real-time surveillance, predictive analytics and flow modeling software. The service helps optimize the field architecture and define flow assurance strategies through field studies and simulations. Following production startup, the model is put in inline mode and the software provides accurate production and injection flow rates and advice for optimal choke setting and well routing. In operations, the software can deliver real-time field monitoring for potential flow assurance issues, resulting in an average 2.5% production increase by debottlenecking services.

Linking advancing flow management digital insight to well intervention, IMR and asset management services enables

  • * Global cross-system optimization with full reservoir to export model;
  • * Real and optimized constraints management based on intimate infrastructure and flow insight;
  • * Integrated life of field offerings from data acquisition to execution to accelerate time to impact and turnkey deliveries;
  • * Minimized deferment and real-time, predictive flow assurance insight.

With limited greenfield projects and expanding subsea tiebacks, the life extension of existing deepwater assets grows increasingly important. Insight generated by new and improved digital technologies will play a key role in extending the life of field.

The opportunities created by connecting new levels of advancing digital tools to traditional subsea services are limitless. Concrete field performance breakthroughs in terms of equipment uptime, operating expenses and production are well within reach and primed to deliver greater value to the subsea energy industry.