OPT secures subsea systems engineering contract from DeepStar

17 November 2020 (Last Updated November 17th, 2020 15:16)

Ocean energy solutions provider Ocean Power Technologies (OPT) has secured a contract to study the deployment and operational requirements of using its PB3 PowerBuoy to provide ‘remotely controllable zero-carbon power’ for subsea oil production.

OPT secures subsea systems engineering contract from DeepStar
OPT noted that the study will consider water depths of 1,000m, 2,000m, and 3,000m. Credit: Pexels from Pixabay.

Ocean energy solutions provider Ocean Power Technologies (OPT) has secured a contract to study the deployment and operational requirements of using its PB3 PowerBuoy to provide ‘remotely controllable zero-carbon power’ for subsea oil production.

OPT secured the contract from global offshore technology development consortium DeepStar.

The work will be executed as part of the ‘Remote Zero Carbon Power for Electric Subsea Operations’ initiative.

The initiative is a ‘techno-economic feasibility study’ funded by the DeepStar CORE programme. The study is supported by Total E&P Research and Technology USA.

OPT president and CEO George H Kirby said: “We are excited to work with Total and the DeepStar® member companies to explore the practical cost-saving, low-risk, and zero-carbon benefits of our solutions for deepwater subsea oil production applications.”

According to OPT, the project will explore using OPT’s PB3 PowerBuoy, as well as a subsea battery to reduce the carbon emissions and costs related to conventional means of ‘controlling subsea oil and gas production equipment’.

OPT noted that the study will consider water depths of 1,000m, 2,000m, and 3,000m.

Total E&P Research and Technology USA Subsea and Deepwater manager Daniel Byrd said: “Total is interested in studying how locally generated electrical power can support its vision of all-electric, low-carbon developments in deep offshore.

“This study is intended to identify which combinations of parameters (water depth, tieback distance) could bring cost savings for a simple subsea architecture using OPT’s PB3 PowerBuoy.”

In July, OPT launched its PowerBuoy surface surveillance solution for security monitoring of offshore areas.