Offshore Technology Focus: Issue 51

In this issue: BP’s digital asset management trial, Shell’s $10bn plan for Brazil, Argentina’s deepwater potential, a surprise investment for the North Sea, an analysis of the GE-Baker Hughes merger, new insights into the Deepwater Horizon clean-up, and more.


In a first for the oil and gas sector, BP is trialling GE’s cloud-based Predix asset management software on its Atlantis platform, with a view to rolling it out across its deepwater operations. We take a look at the pilot project to find out what the industry can gain from making the leap to digital operations management.

South America’s deepwater potential is moving into the spotlight with Argentina’s government changing course in a bid to attract investors and Shell planning to invest an additional $10bn in its operations offshore Brazil. We explore strategic opportunities in the region.

We also speak to Energy Ventures about its decision to invest $200m in the North Sea in a time of low investor confidence, take a look at the business opportunities awaiting the GE-Baker Hughes merger, and review a new study of the clean-up of the Deepwater Horizon spill to find out if more could have been done.

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In this issue

Size Matters
The merger between General Electric’s oil and gas business and Baker Hughes will create a $32bn oilfield services giant. Julian Turner explores potential opportunities for the new business in oilfield technology and analytics.
Read the article.

A Good Time to Invest
Independent private equity firm Energy Ventures has announced a $200m investment in the North Sea. Molly Lempriere speaks to investment director Tomas Hvamb about his optimism for future growth in the region.
Read the article.

A Calculated Gamble
Shell plans to invest an additional $10bn in Brazil as part of its strategy to double deepwater production by the early 2020s. Julian Turner analyses the risks and potential rewards of such a move.
Read the article.

Deepwater Potential
Argentina’s oil and gas sector has been hampered by inconsistent government policy and ongoing economic challenges. Heidi Vella explores whether President Mauricio Macri's strategy could make a difference for investors.
Read the article.

Cleaning Up
Six years after the BP Deepwater Horizon spill the damage it caused to the nearby shoreline has been revealed in a new study by the US Geological Survey. Molly Lempriere reviews the clean-up operations and asks whether enough is being invested in more effective clean-up technologies.
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The Great Digital Leap
BP and GE are trialling a new offshore management system designed to reduce unplanned production downtime. Heidi Vella finds out more about the technology and the progress of the pilot project.
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Next issue preview

New research has confirmed significant hydrocarbons potential offshore Somalia and the country has announced its first licencing round, but the threat of piracy and geopolitical instability remain as significant risks to investors. We explore the future potential of Somalia’s offshore sector and ask how companies can weigh up the risks and rewards.

We also take a look inside Total’s massive South Pars gas project in Iran, find out how the Scottish expertise is helping to develop skills for Mexico’s oil and gas industry, and get an outlook into the next ten years of North Sea decommissioning market, where £17.6bn are expected to
be spent by 2025.

Plus, we catch up with a Kongsberg and Statoil-backed project to develop a snake shaped robot for inspection and intervention on the seabed, and explore the technological options for proofing offshore platforms against earthquakes.

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