ABB's Power Technology Subsea System, a reliable subsea
energy supply, saves power and energy, decreases costs and
schedule, and reduces pollution.
SAN ANTONIO, June 29, 2022 /PRNewswire/ -- Frost &
Sullivan recently assessed the global oil and gas automation
industry, and, based on its research results, recognizes ABB with
the 2022 Global Oil and Gas Automation Technology Innovation
Leadership Award. The company excels in innovating subsea systems
and electrification services and provides underwater control
solutions for offshore and submerged industrial systems, especially
in the natural gas and oil sectors, thus leading the subsea systems
automation market. ABB covers the unmet market need for subsea
automation and stands out in the industry based on its uniqueness
within the subsea field, without any suitable competitive service
alternatives.
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ABB's subsea power distribution and conversion technology
decreases power consumption considerably while lowering carbon
emissions and using power from the shore to save energy. The
company installs powering pumps and compressors on the seabed in
locations nearer to reservoirs to facilitate power savings. The
reliable subsea energy supply reaches up to 100 megawatts of power,
covers up to 600 kilometers into the sea, and reaches 3,000 meters
of water depth in extreme conditions and high pressure. As a
result, oil and gas companies now have access to a dependable
subsea energy supply for the first time. ABB's solution is like no
other in the industry, in terms of reach (distance) and water depth
levels, meeting the needs of specific applications and market
segments. The company's capital expenditure (CAPEX) and operational
expenditure (OPEX) advantages surpass those from competitors.
Maria Agustina de Sarriera, a
Frost & Sullivan industry analyst, explained that "ABB's
visionary and highly innovative solutions are technology advanced
within the industry. The company has achieved transformational
growth in the automation segment via its subsea technologies. The
company has invested in research, design, and development over many
years, in collaboration with Chevron, Equinor, and Total Energies,
to develop this innovative power technology subsea system—investing
about $100 million over the
years."
ABB's commitment to creativity is evident in its subsea
technological systems' design. The company's technological experts
have designed equipment that can withstand more extreme conditions
than those present in space exploration. The company's subsea
equipment complies with enduring reliability standards and can
remain for about three decades in extreme water depths with little
to no maintenance and without disintegrating. ABB has achieved an
elevated level of technology development through remarkable
dedication, expertise, perseverance, and intensive collaboration
with a team of about 200 scientists in a multi-year joint effort.
The company's commercialization success of its subsea services is
based on its product uniqueness and exclusivity that come with
fulfilling unmet market needs and the locations of reservoirs.
The ABB Adaptive Execution™ approach focuses on the integration
of innovative technologies, qualified expert teams, collaborative
knowledge, agile processes, and proven methodologies into a highly
evolved end-to-end solution. The ABB Ability™ platform minimizes
risk, reduces the cost of major capital projects (by up to 40%),
startup work hours (by up to 40%), and schedule (by up to40%) and
optimizes operational efficiency. With positive future growth
prospects and constant improvements and innovation, ABB will
continue to experience sustainable growth in the future.
"ABB demonstrates outstanding innovation and technology
development with its subsea electrification systems. The company
highly differentiates itself from its competitors in the oil and
gas automation industry by providing a solution to satisfy a market
need not covered previously by any other company," noted
Sarriera.
Each year, Frost & Sullivan presents this award to the
company that has developed a product with innovative features and
functionality that is gaining rapid acceptance in the market. The
award recognizes the quality of the solution and the customer value
enhancements it enables.
Frost & Sullivan Best Practices Awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About ABB
ABB (Swiss:ABBN) is a leading global technology company
that energizes the transformation of society and industry to
achieve a more productive, sustainable future. By connecting
software to its electrification, robotics, automation and motion
portfolio, ABB pushes the boundaries of technology to drive
performance to new levels. With a history of excellence stretching
back more than 130 years, ABB's success is driven by about 105,000
talented employees in over 100 countries.
www.abb.com
About Frost &
Sullivan
For six decades, Frost & Sullivan has been world-renowned
for its role in helping investors, corporate leaders, and
governments navigate economic changes and identify disruptive
technologies, Mega Trends, new business models, and companies to
action, resulting in a continuous flow of growth opportunities to
drive future success. Contact us: Start the discussion.
Contact:
Kristen Moore
P: 1.210.247.3823
E: kristen.moore@frost.com
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