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Aker Solutions and FSubsea to create FASTSubsea

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Oilfield Technology,


Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20%, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world's 1500+ offshore fields.

FASTSubsea combines Aker Solutions' high-performance multiphase hydraulic technology with FSubsea's game-changing Hydromag technology to create the world's first ‘topside-less’ multiphase boosting system.

The pump-module solution being developed by FASTSubsea can cut capex by half and enable subsea boosting at fields where there is no available topside space. Getting more out of existing wells reduces CO2-emissions per bbl.

"Creating FASTSubsea enables us to increase our speed to the market, reduce risk and reduce investment in multiphase test facilities," said Alexander Fuglesang, CEO of FSubsea, who will take on the role of Managing Director of FASTSubsea.

"Combining Aker Solutions' subsea systems expertise and multiphase test facility with FSubsea's Hydromag technology and lean mindset will benefit both companies, said John Macleod, Aker Solutions' Chief Technology Officer. "FASTSubsea has the potential to become a valuable addition to our portfolio of boosting recovery solutions."

The agreement is subject to approval from the Norwegian competition authorities.

Read the article online at: https://www.oilfieldtechnology.com/special-reports/10042019/aker-solutions-and-fsubsea-to-create-fastsubsea/

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