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Subsea 7 to invest USD 4bn in new technology

19th February 2013

Subsea 7 will allocate USD 4bn for infrastructure and new technology, says technology development director John Mair

Subsea 7 to invest USD 4bn in new technology
Subsea 7 will put a strong focus on new subsea, risers, umbilicals and flowlines (SURF) technology as well as on the transfer of equipment between offshore oil hubs

UK subsea engineering and construction services provider Subsea 7 will invest USD 5bn in infrastructure and R&D over the next five years, the company’s technology development director John Mair told OGT. New equipment will include SURF technology and automated vehicles for subsea operations in new offshore areas.

“We have spent USD 3bn over the last 3-4 years in infrastructure and technology, and we’re planning to spend USD 4bn over the next five years. So that’s an indicator that we are going to be focusing heavily on technology,” Mair said.

Subsea 7’s head of technology development said the company would put a strong focus on new subsea, risers, umbilicals and flowlines (SURF) technology; on the transfer of bundle and pipeline engineering equipment around the world; ROVs and other remote technology from the North Sea to the Gulf of Mexico; and subsea equipment used offshore Brazil to the North Sea.

“For us, it’s pipelines, it’s risers, it’s installation. We are looking at new materials, new construction methods, new welding techniques, as well as higher strength steels as we go deeper and encounter higher pressures,” he added. “We are also witnessing an emergence of composites and carbon fibre, so you’re going to see an uptake on that due to factors like fatigue, corrosion and high pressure.”

Subsea 7 will also foster new developments in underwater communications, fibre optics and acoustics for operations in Arctic conditions. Isolated and ice covered facilities there are ideally suited for autonomous vehicles to go and carry out inspection and intervention, according to Mair.