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Home›Business & Finance›Germany: Siemens Postpones Launch of Subsea Power Grid
Business & Finance

March 22, 2012 · about 14 years ago

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

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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.

[mappress] Subsea World News Staff , March 22, 2012; Image: Siemens

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