UK-based GE Oil & Gas has launched a joint industry project (JIP) with Statoil, Total, and two other operators to develop a new subsea boosting system.

The new boosting system has the potential to reduce lifecycle costs by up to 30% and improve operational flexibility for operators.

The new system known as the Modular Contra-rotating Pump (MCP) uses technology from the GE Aviation business.

Using the MCP, more oil can be unlocked and accessed in new and mature wells conveniently by reducing the topside and subsea footprint by up to 50%.

There is also no need for equipment such as the barrier fluid system, which is required in conventional subsea boosting systems.

"More oil can be unlocked and accessed in new and mature wells conveniently."

The latest project is part of GE Oil & Gas’s five new initiatives launched to accelerate technology development and testing across the energy value chain.

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The solutions have been developed by collaborating with customers and demonstrate the effectiveness of GE’s approach to customer collaboration.

GE Oil & Gas president and CEO Lorenzo Simonelli said: "Collaboration and technology have always underpinned our commitment to quality and delivery, and they continue to do so.

"We believe that by working closely with customers to understand and respond to their needs, we can deliver faster, better solutions that support them through these challenging times, while helping to build a more productive, cost-effective and resilient future oil and gas industry."

Image: The JIP is part of GE Oil & Gas’s five new initiatives launched to accelerate testing across the energy value chain. Photo: courtesy of General Electric.