- What is subsea boosting and why is it being used at Thunder Horse?
- Subsea boosting involves placing powerful pumps on the seabed to lower the backpressure on the reservoir. This helps push the hydrocarbons up to the surface host platform, which is especially critical for mature fields like Thunder Horse where natural reservoir pressure has declined over years of production.
- Who are the key players involved in this contract?
- The contract was awarded by BP, the operator of the Thunder Horse field, to SLB OneSubsea, a specialized subsea joint venture formed by SLB, Aker Solutions, and Subsea7 that focuses on subsea production and processing systems.
- How does this project align with BP's broader corporate strategy?
- This project aligns with BP's strategy to focus on 'value over volume' by utilizing high-margin, low-carbon-intensity deepwater tie-backs and technology-driven brownfield optimization. By maximizing recovery from existing infrastructure, BP can sustain profitable oil production with a lower carbon footprint per barrel compared to developing entirely new fields.