News - Press Release
April 27, 2018 - TechnipFMC (NYSE: FTI) (PARIS: FTI) announces the official launch of Subsea 2.0™, a revolutionary product platform that makes subsea projects simpler, leaner and smarter. When combined with iEPCI™, the company’s powerful integrated approach to field architecture and project execution, Subsea 2.0 improves project economics and unlocks first oil and gas faster.
TechnipFMC introduced iEPCI™ to transform subsea projects throughout the entire process of full field development. The value proposition integrates front-end design and life of field to streamline project execution. Now TechnipFMC has gone one step further by bringing together expert teams to rethink how subsea production could be even more efficient.
The result is Subsea 2.0™, a product platform made up of six core products designed by combining field-proven and new technologies. The core products include the compact tree, compact manifold, flexible jumpers, distribution, controls and horizontal connectors. The smaller, lighter products achieve up to a 50% reduction in size, weight and part count, while maintaining the same or better functionality.
TechnipFMC has invested heavily in the research and development of Subsea 2.0™ and designed it specifically to accommodate iEPCI™ using LEAN product and process engineering. Further, the product platform has been standardized at the component level for configuration to client needs and optimized to improve performance over the life of the field. This new “configure to order” model means there is a 70%-90% reduction in manual activities during the production process, reducing hardware delivery time for clients. With Subsea 2.0™, it is possible to achieve zero hours of product engineering after the contract has been formalized.
“Subsea 2.0™ represents a transformative step in the future of subsea and our company’s vision to enhance the performance of the world’s energy industry,” said Brad Beitler, Executive Vice President, Technology and R&D at TechnipFMC. “Subsea 2.0™, when combined with iEPCI™, will further improve our clients’ project economics.”
“Subsea 2.0™ fundamentally redefines the norms for subsea products in terms of size, weight, modularity, standardization, cycle time, installability and costs,” said Paulo Couto, Senior Vice President of Integrated Sub-Systems at TechnipFMC. “We are extremely proud of our unique approach and what we have developed for our clients.”
TechnipFMC has incorporated Subsea 2.0™ elements into several ongoing projects including Shell’s Kaikias subsea development, which sits 4,575 feet of water in the Gulf of Mexico and is a tieback to the Ursa tension-leg (TLP) platform. On March 4, TechnipFMC and Shell celebrated the successful delivery and installation of the first application of TechnipFMC’s compact pipeline end manifold (PLEM) and horizontal connection system technologies with flexible jumpers.
Subsea 2.0™ products are compatible with tiebacks, brownfields and greenfield projects. Additional products are in development and will be added to the product platform as they become available.
See the difference simpler, leaner and smarter make by visiting TechnipFMC at OTC Houston booth #2038.
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.
Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
To learn more about us and how we are enhancing the performance of the world’s energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.
Vice-President Corporate Communications
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+01 281 591 4293
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