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feld. Therefore, the base case was to in Month 239 in both cases rather than reserves located in less than 130m of

Subsea install three tripod wellhead platforms extending the analysis for 240 months water. and produce the wells to an exist- from the time each well comes on pro- ing host facility in the vicinity. FMC duction. Well intervention occurs after

Jerry Streeter is a

Technologies was asked to develop ten years of production and both cases

Marine Technology capex budgets and schedule estimates assume a drilling rig will perform the

Society Fellow, and a for this base case, as well as a subsea intervention. In this case ,the subsea past president and a alternate, so an economic evaluation option had a lower capex and, due to former chair of the could be completed. The following the shorter time to frst production,

Offshore Technology table summarizes the capex estimates produced a signifcant improvement to

Conference Program and forecast NPV for each option. NPV.

Committee. His

The base case assumes drilling starts involvement in offshore pipeline and

In many cases, shallow water in Month 1 of the development process subsea feld developments projects began subsea production systems can and all the wells are drilled with the 35 years ago. Innovative application of deliver a robust, cost-effective solu- same rig consecutively. Wellhead technologies has been a mainstay of his tion for marginal oil and stranded platform and pipeline procurement career. His recent project work includes gas reserves. If operators attempt to begins after drilling and frst produc- leading technical teams to conceptualize offset declining production rates in tion occurs in Month 34. The subsea development plans for shallow water oil mature felds by producing untapped case uses the same timeline and cost and gas felds and prove their commer- reserves in the vicinity of their assumptions for drilling. Procurement existing production facility but fnd cial viability. Previously, he has led of the subsea system also starts after conventional methods uneconomical, conceptual, FEED, and detail design drilling, but due to the shorter deliv- they should consider contacting a efforts for the KivuWatt Gas Extraction ery time of the subsea equipment frst shallow water expert.

Facility in Lake Kivu, Rwanda. This production occurs in Month 16. Both

Companies like FMC Technologies project combined oil and gas production cases use $20,000 per well per month have teams of experienced feld technologies with gas-processing for opex. The subsea case has an higher development specialists dedicated to technology and the logistics of design for total opex because production starts assisting operators develop their a facility to be constructed on a lake

Seafom 1/2 Page Offshore Engineer Ad_1 28/08/2013 10:21 Page 1 earlier and the model stops production 1300km from the nearest port.

marginal oil and stranded gas

INDUSTRY EVENT

TM

SEAFOM is an international joint industry project group with some fifty member companies promoting the growth of fibre optical sensing in all types of wells, and topside and seabed infrastructures. 10TH - 11TH DECEMBER 2013

PROGRAMME OF EVENTS:

ABERDEEN EXHIBITION AND CONFERENCE •Conference and Exhibition format •Key Note Address from Shell Oil Co., plus seven other operator

CENTRE (AECC), ABERDEEN, UK presentations and an operator Round Table session •Technical presentations covering the development/deployment of fibre optics sensing systems from service and supply companies •Live hardware demonstrations, and poster sessions •Networking luncheons, and evening drinks reception

REGISTRATION: •Operator companies are invited to attend this event free of charge •Non-member service and supply companies and other entities will be required to join SEAFOM in order to attend

Registration by Friday 22nd November 2013.

Please contact [email protected] for further information on joining SEAFOM or to a network register for this event. www.seafom.com managed by 062_OE1013_subsea2.indd 65 9/30/13 1:16 PM