FMC Technologies has established a joint industry program (JIP) that brings four operators – Anadarko Petroleum, BP, ConocoPhillips and Shell – together to jointly develop subsea equipment and systems that will meet the technical challenges of high pressures and temperatures.
The technologies also will serve to improve overall deepwater development through the standardization of materials, processes and interfaces, as well as the enhancement of reliability and operability. The JIP’s purpose is to develop subsea production equipment and systems to meet the challenges of producing oil and gas from deepwater reservoirs with pressures of up to 20,000 psi and temperatures up to 350°F at the mudline.
“This agreement is a clear illustration of how leading companies with a common interest can come together to overcome the technological and economic challenges facing our deepwater industry,” said John Gremp, FMC Technologies Chairman, President and CEO. “By working together collaboratively, we will continue to achieve technological innovations that will enable us to safely develop some of the world’s most promising fields and take a large step toward providing new oil and natural gas resources to consumers and superior returns to stakeholders.”