The Economic and Success Factors of Subsea Projects
Transcript of The Economic and Success Factors of Subsea Projects
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The Economic and Success Factors of Subsea Projects
Terry ChainSep. 2014
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• What makes cell phone driving so dangerousTexting - 5 seconds = 100 yards on the highway;
Talking - slower/no reaction to traffic lights, risk 4 times higher;
Etc.
• Are there any advantages to cell phones in cars More emergency call, less wait times for emergency service
Easier contact to towing service
Etc.
Safety Moment – Cellphone Usage at the Wheel
• Facts73% of drivers admit to using cellphones when driving; almost 90% of accidents involving cellphone;
• If you must talk and drive – use your common senseChoose where you talk and drive – Bluetooth or hands free devices does not decrease the risk;
Keep Your Passenger Informed;
Set up voice mail and caller ID for calling back;
Etc.
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• 《道路交通安全法实施条例》明确规定:
驾驶机动车不得有拨打接听手持电话、观看电视等妨碍安全驾驶的行为。对违反上述规定的驾驶人处20元以上200元以下罚款,并记2分。
Appendix – China Country Law
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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60 Years of Offshore
from this
Photo of rig
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To this ..
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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Typical Conventional Wells, the recovery rate is
more than 60%
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A typical deepwater recovery rate
less than 30%
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Deepwater challenges
Project Execution, Capex, Opex, Hydrostatic,
Easy Access, Etc.
All about Economic
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Typical Deep-water Project and Cycle Time
Discovery
Evaluation
FEED
Tendering
Construction
System Integration
First Gas
Cycle time: 36 to 60 month
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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OneSubsea – Value Creation
= Enhanced Reservoir Recovery
Discovery
Wellhead
Trees
Manifold
Connection Syst.
Controls
Processing
Pumps
Compression
Processing
MPFM’s
Connection Syst.
Swivels
Power & Controls
Traditional SPSTraditional
Processing
Integrated
Production &
Processing
Systems
Integrated
Solutions/
Life of Field/
Surveillance/
Asset Integ./
Production Optimization
Concept
Select
Field
Development
Plan
Tender
Diamould
C.T. (I.P.)
O.W. Greaseless
LWI (I.P.)
S.S. Sampling
Flow Assurance
(Consulting)
t
Early
Engineering
Sub-Systems
Products
Full Integration
Life of Field Optimization
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Integrated Solutions
OneSubsea’s integrated solutions enable a seamless delivery of expertise and technologies to optimize the entire production system. Our capabilities extend from the reservoir pore space to the surface, including the well completion and subsea production system.
•
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Integrated Solutions
EARLY ENGINEERING ENGAGEMENT (EEE)
From pre-FEED through the full life of field, the EEE
team offers a suite of services to assist customers in
the evaluation of optimum field development
solutions prior to project execution
Alignment between both the customer’s strategic
targets and the project execution plans
Can be instrumental in reducing CAPEX, OPEX and
cycle time, de-risking the project, avoiding costly
redesign efforts and, most importantly, timely system
delivery for first oil production
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Understand Reservoir and It’s Performance
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Integrated Solutions
FLOW ASSURANCE CONSULTING
Optimizes the entire fluid journey from the
reservoir pore space to the topside facilities, and
from exploration to abandonment
Offerings comprise of fluid chemistry and
processing, production engineering,
surveillance, and operations
A fully integrated approach focused on design
and operational changes of the entire subsea
production system, which helps to ensure
optimum production and enhanced ultimate
recovery
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Production Systems
Traditional Hardware
Tree
Manifold
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Production Systems
Traditional Hardware
Connection Systems
Controls
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Subsea Pumping, Processing, Modular Approach
Subsea pumping system
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Multiphase Compressor – Operating Envelope
SPP
WGC
MPP
0
50
100
150
200
250
10 20 30 40 50 60 70 80 90 100
GVF [%]
Dif
fere
nti
al P
ress
ure
[b
ar]
HYBRID
300
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Light well intervention
Purposely build
multipurpose
lightweight
intervention
vessel and
modular
hardware design
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Services
Installation and Commissioning
LIFE OF FIELD
Remotely monitor subsea fields
continually from the reservoir to the
production facility in order to maximize
both production and asset uptime,
optimize recovery and reduce operational
and financial risks
Services include: around-the-clock
engineering support, asset integrity
management, flow assurance consulting,
subsea sampling, fiber-optic remote
monitoring and subsea intervention
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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Planning Ahead
To Reduce
Risk
Capex
Opex
Cycle Time
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Reduce Risk and Increase Economic
• Early Engagement
• Partnership/Frame Agreement
• Team Work
• Plan Ahead
• Increase Recovery Rate
• Light Well intervention
• Life of Field Support
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Project Partnership
Project Management
Operator/EPC/Suppliers
/Contractors in One
Team
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Agenda
• Offshore History
• Deepwater Challenges
• Integrated solution
• Project execution
• Summary
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SummaryEarly Engagement
Partnership/Frame Agreement
Team Work
Plan Ahead
Subsea Processing
Increase Recovery Rate
Light Well intervention
Life of filed support
Integrated Solution
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Expanding the applications enabled by subsea well access
technology
Asset Management I Rental Tooling I Monitoring
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OneSubsea™ is one of a kind, created by two subsea leaders: Cameron and Schlumberger. From reservoir to subsea to surface, we apply more knowledge. More technologies. More services. We deliver premier processing, boosting and lifting. Unrivaled flow assurance. And world-class subsea production systems. Everything to optimize the life of your field.
What is OneSubsea?
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OneSubsea Creation
Leading oilfield services company
Leading provider ofsubsea production systems
Leading provider of subsea measurement, boosting and
process systems
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Thank you for your attention
Questions?