Do More with Less: Subsea Compression a Solution to Keep Gas Flowing

The Energy Trilemma refers to the balancing act of three energy policy concerns often in conflict with one another; energy equity, energy security and energy sustainability. The ripple effect of the Ukraine invasion has cause significant disruption to the Trilemma by threatening to shrink the economies of some of the most vulnerable parts of Central and Eastern Europe and creating bottlenecks in the supply of natural gas across the continent. While diversification into renewable energy sources forms part of the REPowerEU plan from the Council of the European Union, natural gas as an energy source will continue to play an important role in the transition to clean energy due to its reliability and affordability. As energy demand continues to increase and exploration moves deeper offshore in harsher environments, subsea gas compression can keep the gas flowing and extend the operating life of existing, depleted gas fields. The successful run of the Åsgard Subsea compression system since 2015 is expected to extend the field’s life to 2032 and boost recovery by an additional 306MMboe. This success has enabled the system to now be deployed in Australia (Jansz-Io offshore field), as the country looks to secure its own long-term natural gas supply. When compared to fixed or floating topside solutions, subsea solutions have significantly lower power demands, lower carbon footprint and is inherently safer, cutting down on labour costs and manual operations in harsh climates. This presentation will cover how subsea gas compression is a cost-efficient solution in securing long-term natural gas supply in the present economic and political climate where exploration of deeper plays is expensive and energy security is a real threat.

Date & Time
Thursday, May 18, 2023, 1:45 PM - 2:05 PM
Location Name
Diamond Ballroom West