Displaying items by tag: Baker Hughes

Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding (MoU) to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.

In the drive towards lower carbon operations, the MoU will explore the opportunities for integrated wave energy, energy storage and power delivery solutions to facilitate the electrification of subsea assets as well as the utilisation renewable energy within harsh, deep sea environments.

Over an initial two-year period, the MoU will see the three parties utilise and share their combined capabilities within the subsea market to enable the deployment of a reliable, uninterrupted power supply located at point of use for cost-effective and market- competitive electrical power solutions. This could be within temporary, permanent or back-up use cases, including for charging systems for underwater vehicles and subsea production control systems.

Within the scope of the MoU, Baker Hughes will bring its expertise as a leader in the design and
manufacture of subsea production equipment, by supplying subsea hardware including controls systems, power systems and other ancillary equipment. Verlume’s scope of supply will focus on the design and delivery of its Halo subsea energy storage system and Mocean Energy will be concentrated on the design and delivery of its Blue Star wave energy converters.

All parties are currently involved in Renewables for Subsea Power, a project combining Mocean Energy’s wave energy converter and Verlume’s Halo to deliver low carbon power and communication to subsea infrastructure such as Baker Hughes’ subsea controls equipment. This project, which will undergo onshore testing in late 2022, is a demonstration of the collaboration which has already taken place between the three signatories, and the types of opportunities that can now be further explored as part of the MoU.

The non-exclusive MoU is not intended to establish any joint venture, partnership or other legal entity among the three signatories.

Cameron McNatt, Managing Director at Mocean Energy added: “For Mocean Energy, partners like Baker Hughes and Verlume, who have complementary technologies and skills, are essential to delivering complete solutions to address growing customer demand. The signing of the MoU marks a key milestone in our supportive relationship with these partners, and in our growth journey.”

Romain Chambault, Vice President Services & Offshore Europe at Baker Hughes commented: “The signing of this strategic MOU demonstrates Baker Hughes commitment to support our customers in finding clean energy technology solutions to decarbonise their offshore assets. Being a subsea integrator in this partnership with Mocean Energy and Verlume, we believe we can deliver a turn-key solution that meets the expectations of our customers and regulatory bodies.”

Richard Knox, Chief Executive Officer at Verlume said: “The signing of this MoU represents a long-standing relationship between the three parties, with a shared vision and commitment to bring forth power solutions which collectively deliver a greener, more sustainable subsea operational environment as part of the energy transition.”

Baker Hughes has been working alongside AGR Well Management, COSL Drilling Europe AS, Subsea 7 and Worley as part of a supply chain alliance to deliver CNOOC Petroleum Europe Limited’s (CPEL) Buzzard Phase II (BPII) development, which commenced production on Sunday November 21, 2021.  Located about 100 kilometres (km) northeast of Aberdeen in approximately 96 metres of water, the CNOOC International-operated Buzzard platform is the largest UK North Sea oil discovery in the past two decades. BPII is a subsea development of the Buzzard northern area.

• Supply chain alliance includes Baker Hughes, AGR Well Management, COSL Drilling Europe AS, Subsea 7 and Worley

The BPII supply chain alliance was formed to offer an integrated and outcome-focused approach for the development. The partners, along with CPEL, have worked collaboratively to safely achieve first oil within the sanctioned budget and ahead of the revised schedule, which was significantly impacted by COVID-19.

This achievement is the result of a collective effort over a four-year period by the BPII supply chain alliance, as well as a long list of key suppliers and sub-contractors. More than 2.6 million hours were expended, working under an innovative contracting model which provided greater flexibility to quickly adapt to changes, including the global pandemic, and allowed teams to combine strengths.

“Baker Hughes has a long track record of successfully delivering complex projects, however we’ve also seen the challenges associated with projects of this scale,” Romain Chambault, vice president services and offshore, Europe and key accounts, Oilfield Equipment at Baker Hughes said. “Working collaboratively with the other companies in this alliance has helped to safely and successfully deliver the Buzzard Phase II development and created a model we hope to see replicated across other major energy projects.”

About Baker Hughes

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.