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Equinor and Vår Energi has agreed to join Malaysian operator Petronas in the support of Norwegian company FASTsubsea, as part of a Joint Industry Program to qualify and test a low cost, topside-less subsea Multiphase pump.
According to the agreement, Equinor and Vår Energi will support the development and testing program with funding and end-user expertise. In return they get to influence and gain early access to the ground-breaking technology.
FASTsubsea is a joint venture between FSubsea and Aker Solutions. The company combines the smart and powerful HydroMag™ and MultiBooster™ technologies from FSubsea and Aker Solutions respectively to create a highly robust and simple seal-less multiphase pump. The technology is seal-less, barrier fluid-less and does not need any electric Variable Speed Drive (VSD).
The participation from Equinor and Vår Energi comes in addition to a NOK 11 million commitment from the Research Council of Norway. The project is already well underway with low technical risk as all major components are already individually qualified for subsea process use. Final system testing is scheduled to start in 2023.
“Getting this participation from large operators such as Equinor and Vår Energi is a significant achievement” says Morten Pedersen, Engineering Senior VP for Subsea, at Aker Solutions.
According to Alexander Fuglesang, Managing Director of FASTsubsea, the game-changing FASTsubsea technology allows operators to more rapidly and effectively extract additional hydrocarbons from existing offshore wells and installed infrastructure. End-users are drawn to the technology as increased recovery (IOR) now can be done in a much more environmentally friendly way, and at up to 50 percent lower investment (capex) than conventional subsea pumping systems.
Both FSubsea (Hall: 3, Booth: 3254) and Aker Solutions (Hall: 7, Booth: 7100) will be present at ONS 2022 in Stavanger from August 29th to September 1st.