New Collaboration Between Siemens Energy and Buoyant Production Brings
Small Pools Technology a Step Closer
Buoyant Production Technologies Ltd. (BPT), a wholly-owned subsidiary of Crondall Energy Ltd. has announced that its pioneering Floating Normally Unattended Installation (NUI) design, which has the potential to unlock smaller and deep-water reservoirs has moved closer to commercialisation with a strategic collaboration with Siemens Energy AS, to jointly market and deliver the units.
The collaboration will focus on the use of compact NUIs for the development of offshore oil and gas fields in deep-water locations. Applying Siemens Energy’s digital solutions to BPT’s proprietary ‘Floating NUI’ design delivers a low lifecycle cost solution that can make projects economically viable and significantly reduce carbon footprint when compared with traditional offshore facilities. With increasing focus on the environmental impact of oil and gas projects, as well as uncertainty surrounding commodity prices, Floating NUIs can offer a robust development solution for the future.
Siemens Energy and BPT have been successfully working together for the past two years, as part of the Oil and Gas Technology Centre’s ‘Facility of the Future’ study, developing and maturing Floating NUI technology. In this collaboration, BPT will bring their proprietary Floating NUI designs, configured for a range of offshore developments. Siemens Energy AS will provide the digital hardware and software necessary to enable remote control and operation for the duration of an asset’s lifecycle.
Duncan Peace, Managing Director, Buoyant Production Technologies, said: “Signing this collaboration agreement with Siemens Energy represents a major step in bringing our Floating NUI technology to the market. The use of Siemens’ innovative data and digital solutions offshore has enabled us to develop designs with new operational models and design philosophies compared with traditional offshore facilities.
“BPT has been working with Siemens for the past two years to maximise the value offered by today’s technologies. Given the step change impact our designs have on both lifecycle costs and carbon footprint, we believe the Floating NUI technology is the development solution of the future and we look forward to working with Siemens on delivering that future.”
Richard Harvey, VP Global Sales Offshore Production, Siemens Energy AS, added: “We are excited to sign this agreement with BPT. Through our work to date we have been able to showcase the value of our digital solutions to offshore developments and we are looking forwards to working with BPT in delivering Floating NUI projects in the future.”