The Energy Convergence - GineersNow The Energy Convergence - GineersNow | Page 29

Illustrations of the Åsgard Subsea Gas Compression station, delivered to Statoil by Aker Solutions “While the second-generation subsea compression system will be much smaller and have fewer components than Åsgard’s, the compressor itself will remain mostly unchanged,” he said. “We will take the proven technology that we know works from Åsgard. Our changes are more about optimization of the interfaces and the integration of the subsea compressor into the wellstream gas system.” Background Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. The outlook for oil services remains challenging. Projects continue to be postponed across the industry, there is pressure on pricing and the oil price remains volatile. even costs have come down on projects, which increases the likelihood of more projects being sanctioned this year. The global energy demand is seen increasing and this supports a positive long-term outlook for offshore and deepwater oil and gas. At the same time field developments are becoming more complex. Aker Solutions is well-placed in key growth regions and we have the technology and capabilities needed to tackle the challenges of lowering costs and improving recovery rates. Standardization and bringing down costs In the current market situation, no stone can be left unturned when it comes to improving and optimizing our business and operations in order to bring down costs and to strengthen our competitiveness. The current oil price level has halted most developments due to unsatisfactory economics The industry need to reduce development costs We see standardization as key to bringing down costs industrywide But we also see some positive signs. Break- Oil & Gas Leaders • June 2017 27