TechnipFMC launches new technology for subsea wells

Tuesday, 21 July 2020
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TechnipFMC, the company that has put on hold its de-merger into two separate entities for subsea and LNG projects because of Covid-19 and the oil slump, has launched with services firm Halliburton Company a new technology product for subsea wells.

TechnipFMC and Halliburton introduced their trade-marked Odassea system, which they described as the first distributed acoustic sensing solution for subsea wells.

“The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge,” they explained.

“The Odassea service integrates hardware and digital systems to strengthen digital capabilities in subsea reservoir monitoring and production optimization,” their statement added.

Halliburton provides the fiber optic sensing technology, completions and analysis for reservoir diagnostics while TechnipFMC provides the optical connectivity from the topside to the completions.

“Through the collaboration, operators can accelerate full field subsea fiber optic sensing, design and execution,” they stated.

TechnipFMC has two main offices in both Houston and Paris and said in March 2020 it was delaying plans to separate into two companies because of volatile market conditions created by the coronavirus outbreak.

The company had first announced the proposal in August 2019 and planning was well advanced when the pandemic and oil price slump impacted markets in mid-March.

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