"Investors have noticed, upgrading stock to buy and an immediate 3% jump in stock price"
TechnipFMC in developing a seafloor production system
“ in some ways these systems would be easier to install, operate and service if they were in space.”
“controlling 10,000 barrels of oil per well per day at 1,000 psi and at temperatures higher than 100 degrees F.”
“targets for the project: half the size, half the part count, half the weight, and half the cost, which would make it the foundation of a completely new way of doing business.”
conventional manifold compared to new design from LPPD principles
“The team achieved the objectives of half the weight, half the size, and half the part count, and did so at a dramatically lower price point and it delivered the project on time, at cost, and at a projected lead-time reduction of 1/3 on future orders.”
“LPPD was key to enabling the disruptive change we were looking for.“
full article link:
LPPD Under the Sea: Efficient Product Design with Subsea 2.0