Source: Baker Hughes, a GE Company

Federal offshore crude oil production in the Gulf of Mexico is posting record average monthly production rates year after year. Production rates in excess of 2 million barrels a day will be experienced if current trends continue through 2019 as reported by the EIA. To support offshore oil and gas production, Baker Hughes has introduced a new platform that is designed to help producers reduce breakeven costs associated with offshore reserves.

Subsea Connect

Baker Hughes' Subsea Connect is an integrated solution that leverages the capabilities of its new modular subsea system to reduce lead times, mitigate risk and increase yields associated with new offshore oil and gas projects. By integrating advanced technologies, producers gain increased insight into reservoir behavior early on. This allows for the deployment of ideal topside and subsea production systems that enhance drainage and increase the expected ultimate recovery over the life of the well.

Aptara Subsea System

Aptara Totex-Lite subsea system is Baker Hughes' new module and flexible subsea system. Producers can deploy the modular system and begin intervention with a smaller footprint that can evolve over time to handle late-life infrastructure. The design has been re-engineered to simplify installation while improving production and intervention methods.

Baker Hughes released their new Subsea Connect and Aptara Subsea Systems in December of 2018. They state that this new reservoir-to-topside technology solution has the potential for unlocking an additional 16 billion barrels of oil reserves globally while reducing the economic development point of subsea projects by an average of 30%.