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In Oilfield Equipment (OFE), we provide customers with a portfolio of ultra-reliable technologies, including subsea trees, manifolds, blowout preventers (BOPs), flexible risers and advanced control systems. We harmonize and integrate our products and services across our fullstream portfolio to provide customers with a single point of contact.

OFE has a long heritage of innovations and inventions. Our portfolio of products and services is complemented by safe and high-quality execution, engagement at the earliest project phases, innovative commercial approaches and digital capabilities.

POSITIONED TO WIN

In 2017, the subsea market continued to be challenging. Demand increased throughout the year but remained well below the industry’s peak levels. The short-term outlook for subsea activity remains challenging, but we see sustained demand for offshore developments longer term. We are positioning the business for the future, focusing on simplifying our product offerings and sustainably lowering product and installation costs. We are also expanding our portfolio to improve system efficiencies and developing local capabilities to better serve our customers.

Together with our customers, we are focused on significantly lowering the total development costs of subsea fields. We are developing new subsea tree systems that will be lighter and significantly lower cost compared to conventional offerings with similar functionality.

We continue to have a leading position in deepwater gas system applications, while our advanced and ultra-reliable subsea control systems offer a robust solution for new and existing offshore production projects. Our asset performance management solutions help convert field data into actionable insights to improve BOP system reliability and availability.

We also consolidated multiple product lines and are leveraging new digital technologies to optimize factory processes, improve execution and increase the availability of our subsea production systems.

PRODUCT AND SERVICE PORTFOLIO

  • Subsea Production Systems and Services

  • Subsea Drilling Systems

  • Flexible Pipeline Systems

  • Surface Pressure Control and Offshore

2017 Highlights

  • With our deep experience in large-bore gas systems and long offsets, we secured a major subsea contract from Petrobel for phase two of the “supergiant” Zohr gas field to provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system. We will also support the installation, commissioning and start-up operations.

  • Driving Long-term Sustainability in the North Sea

    BHGE was selected as the exclusive supplier to support Siccar Point Energy Limited in the appraisal and early production phases of the Cambo Field project in the North Sea. The scope will leverage BHGE’s integrated portfolio of upstream solutions, including a full suite of well services for the appraisal well and an expansion to provide the construction and installation of subsea equipment and flexible pipes. This project also includes a performance-based commercial model focused on long-term collaboration and a full life-of-field partnership.

  • Delivering Fullstream Solutions in Mozambique

    We signed two major contracts with Eni East Africa: the first, to supply subsea production systems and services for the offshore Mozambique development; the second, for rotating equipment, including aeroderivative gas turbines for power and gas refrigeration for the first African-built FLNG facility.