Germany: Siemens Postpones Launch of Subsea Power Grid
Siemens has unveiled the postponement of first subsea grid after revealing the purchase of Expro’s Connectors and Measurements division for $630 million, which will provide the final engineering for the project, the Reuters reported.
CEO of Siemens Oil and Gas Division, Adil Toubia, stated that the proto-type subsea power grid would be implemented at the end of 2013 and would be available to the market at the end of 2014.
Atle Stromme, Global Head of Subsea, said to Reuters that Expro’s C&M business would complete what Siemens needs to create the subsea power grid, a first ever for water depths of minimum 3,000 meters in the oil and gas processing business.
Reuters citied him as saying: “We now have in-house to develop the power grid.”
Siemens’ subsea power grid — which consists of transformers, converters, switchgears and adjustable speed drives — will supply the power to carry the oil and gas from the wellhead to a processing facility.
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Posted on March 23, 2012, in Europe, Germany and tagged business, energy, europe, Germany, grid, gulf of mexico, Industry, launch, News by topic, Oil and Gas, postpones, Power, Siemens, Statoil, SubSea. Bookmark the permalink. Comments Off on Germany: Siemens Postpones Launch of Subsea Power Grid.