Annual report 2008 - Aker Solutions
Annual report 2008 - Aker Solutions
Annual report 2008 - Aker Solutions
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Our business<br />
Subsea<br />
Aftermeeting the <strong>2008</strong> salestargets<br />
for our RapidSolution well set programme<br />
as early asApril, adecision<br />
was made to double the size ofthe<br />
programme which offers fast-track<br />
deliveries of subsea well sets.<br />
ment with Murphy Exploration &Production<br />
Company to provide subsea trees, control<br />
systems and umbilicals to the company’s<br />
Gulf of Mexico programme.<br />
Long-term frame agreements with key<br />
customers underpin our ambition to be the<br />
preferred subsea lifecycle partner. Such<br />
agreements also offer acertain level of predictability<br />
with regards to both order intake<br />
and project execution, and play an important<br />
part in our growth strategy going forward.<br />
<strong>2008</strong> has also seen key investments into<br />
our facilities around the world. At the end of<br />
May, we opened the Well Intervention<br />
Academy, afacility in Stavanger, Norway,<br />
which aims to give new generations of<br />
offshoreoperators and engineers first-hand<br />
experience in critical well intervention activities.<br />
Anew operations base was opened in<br />
Perth, Australia, in June. In September the<br />
decision was made to invest in our manufacturing<br />
plant for subsea trees in Curitiba, Brazil,<br />
to double its production capacity by 2010.<br />
2009 goals<br />
Our ability to be our customers’ partner<br />
throughout the life of afield is unrivalled in<br />
the market. We will ensureweare organised<br />
to capitalise on the opportunities this offers<br />
through an efficient restructuring of our<br />
resources.<br />
Increasing our service revenue –through<br />
both growth in installed base and amore<br />
complete offering of technology-driven services<br />
such as well intervention –will be akey<br />
focus. Further investments into our service<br />
facilities worldwide and our rental tool business<br />
will be additional drivers to achieve this.<br />
We also have an objective of increasing<br />
our market share in subsea trees, while<br />
continuing to be selective about the<br />
projects we undertake.<br />
Exciting times<br />
An increasing number of subsea developments<br />
will move into deeper waters. This<br />
trend will continue to drive demand for<br />
new technology and more subsea support<br />
infrastructure. Our technology portfolio and<br />
the skill set of our people arewell suited to<br />
capitalise on this opportunity.<br />
Despite some short term uncertainties,<br />
the medium- and long-term market outlook<br />
is very positive, and tendering activity<br />
remains high as aresult.<br />
Boosting production from Tyrihans<br />
Increasing oil recovery and<br />
production rates from their reservoirs<br />
is an appealing prospect for<br />
any oil operating company.That is<br />
why StatoilHydrowill be utilising<br />
<strong>Aker</strong> <strong>Solutions</strong>’ SeaBooster<br />
pump system technology for its<br />
Tyrihans development in the<br />
Norwegian Sea.<br />
In June 2006, <strong>Aker</strong> <strong>Solutions</strong> signed<br />
aletter of intent with StatoilHydro<br />
to provide asubsea raw seawater<br />
injection (SRSWI) pump system to<br />
the Tyrihans field. The task was to<br />
develop technology that would<br />
increase oil production from the<br />
field by ten percent.<br />
At the end of <strong>2008</strong>, the manufacture<br />
ofthe three pumps was<br />
completed and they were transported<br />
from <strong>Aker</strong> <strong>Solutions</strong>’ facility<br />
at Tranby, Norway, toHorten,<br />
Norway, where they underwent<br />
installation testing.<br />
At the heart of the SeaBooster<br />
system for Tyrihans will be two<br />
LiquidBooster centrifugal pumps,<br />
adesign evolved from <strong>Aker</strong> <strong>Solutions</strong>’<br />
long-established proprietary<br />
pump technology for exporting<br />
crude oil and pumping produced<br />
water. The pump system will be<br />
installed in 270 metres water depth<br />
approximately 31 kilometres from<br />
the Kristin platform. Both the tested<br />
pump duty of 2.7 megawatt and the<br />
31 kilometre step-out represent<br />
new records for subsea pumps.<br />
The pumps will draw in 14 000<br />
cubic metres of untreated seawater<br />
each day,injecting it into the sea bed<br />
between the oil reservoirs Tyrihans<br />
North and South. When this is combined<br />
with gas injection, optimal<br />
pressure support is obtained in the<br />
reservoir and ahigher degree of oil<br />
recovery and production is achieved.<br />
It is expected that the pumps alone<br />
will help increase production by 19<br />
million barrels of oil during the field’s<br />
lifetime.<br />
Production from the Tyrihans<br />
field is due to start in 2009.<br />
In 2007, the SeaBooster system<br />
was acknowledged with aprestigious<br />
“Spotlight on New Technology<br />
Award” at the Offshore Technology<br />
Conference (OTC) in Houston.<br />
One ofthe Tyrihans<br />
LiquidBooster pumps<br />
during installation testing<br />
in Horten, Norway.<br />
<strong>Aker</strong> <strong>Solutions</strong> annual <strong>report</strong> <strong>2008</strong> 27
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