Offshore in depth ///

Three years ago, with the price of oil above $100, the prospects for subsea processing looked bright. Although adoption of the technology lagged expectations, a growing number of operators and suppliers were beginning to share a vision of future offshore developments that would move most or all of the processing of produced oil, gas and water from the topsides to the seabed, delivering hydrocarbons to export lines without bringing them to the surface. Extensive subsea processing could increase recovery rates, reduce the cost of deepwater development, make marginal fields economically attractive, and potentially reduce the environmental footprint. In a 2013 presentation, subsea consultant INTECSEA suggested that subsea processing would reduce costs and increase recovery on the vast majority of deepwater projects.

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