Leading the way in subsea automation with its underwater control systems and electrification services, ABB received Frost & Sullivan’s 2022 Best Practices Award for Global Oil and Gas Automation Technology Innovation Leadership.
ABB was commended for the development and commercialization of its subsea power conversion and distribution system. Its technology gives oil and gas companies access to a reliable subsea energy supply of up to 100 megawatts of power over distances up to 600 kilometers into the sea and 3,000 meters of water depth with little maintenance required despite operating at intense pressures and in extreme conditions.
María Agustina de Sarriera, Frost & Sullivan oil and gas analyst, said, “ABB’s visionary and highly innovative solutions are technology advanced within the industry. The company achieved transformational growth in the automation segment via its subsea technologies. It 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.”
Brandon Spencer, president of ABB Energy Industries, commented, “The convergence of automation and electrification is key to reducing carbon emissions in the oil and gas sector. By powering pumps and compressors on the seabed, close to the reservoir, our technology can significantly reduce energy consumption as well as decrease carbon emissions by using power from shore. It has taken years and the dedication of around 200 scientists and engineers from ABB and our partners to make this a reality, and it is fantastic that Frost & Sullivan has recognized our collective achievement and leading technology through this award.”
Assessed by Frost & Sullivan’s global team of Growth Pipeline experts, the Best Practices Award identifies and assesses companies that consistently develop growth strategies based on a visionary understanding of the future and how to effectively address new challenges and opportunities.
Frost & Sullivan also congratulated ABB on securing the $120 million project with Chevron Australia and Aker Solutions to engage in power provision from shore and subsea out to the Jansz-Io field.
The company’s approach to optimizing operational efficiency was also commended, with special mention made of its capital projects and execution methodology – Adaptive Execution™. With digitalization and collaboration at its core, Adaptive Execution was developed to drive greenfield project efficiency. By integrating expert teams, innovative technologies, agile processes, collaborative knowledge, and proven methodologies, it can deliver automation-related CAPEX savings between 15 percent and 40 percent, reduce start-up work hours by up to 40 percent, and compress schedules by up to 40 percent.
Frost & Sullivan Best Practices Awards recognize companies that have 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.
ABB (ABBN: SIX Swiss Ex) 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
ABB’s Process Automation business is a leader in automation, electrification, and digitalization for the process and hybrid industries. We serve our customers with a broad portfolio of products, systems, and end-to-end solutions, including our # 1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, marine, and turbocharging offerings. As the global #2 in the market, we build on our deep domain expertise, diverse team, and global footprint, and are dedicated to helping our customers increase competitiveness, improve their return on investment, and run safe, smart, and sustainable operations. go.abb/processautomation