the economic and success factors of subsea projects

The Economic and Success Factors of Subsea Projects

Terry ChainSep. 2014

• 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.

• 《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

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

60 Years of Offshore

from this

Photo of rig

To this ..

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

Typical Conventional Wells, the recovery rate is

more than 60%

A typical deepwater recovery rate

less than 30%

Deepwater challenges

Project Execution, Capex, Opex, Hydrostatic,

Easy Access, Etc.

All about Economic

Typical Deep-water Project and Cycle Time

Discovery

Evaluation

FEED

Tendering

Construction

System Integration

First Gas

Cycle time: 36 to 60 month

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

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

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.

•

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

Understand Reservoir and It’s Performance

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

Production Systems

Traditional Hardware

Tree

Manifold

Production Systems

Traditional Hardware

Connection Systems

Controls

Subsea Pumping, Processing, Modular Approach

Subsea pumping system

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

Light well intervention

Purposely build

multipurpose

lightweight

intervention

vessel and

modular

hardware design

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

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

Planning Ahead

To Reduce

Risk

Capex

Opex

Cycle Time

Reduce Risk and Increase Economic

• Early Engagement

• Partnership/Frame Agreement

• Team Work

• Plan Ahead

• Increase Recovery Rate

• Light Well intervention

• Life of Field Support

Project Partnership

Project Management

Operator/EPC/Suppliers

/Contractors in One

Team

Agenda

• Offshore History

• Deepwater Challenges

• Integrated solution

• Project execution

• Summary

SummaryEarly Engagement

Partnership/Frame Agreement

Team Work

Plan Ahead

Subsea Processing

Increase Recovery Rate

Light Well intervention

Life of filed support

Integrated Solution

Expanding the applications enabled by subsea well access

technology

Asset Management I Rental Tooling I Monitoring

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?

OneSubsea Creation

Leading oilfield services company

Leading provider ofsubsea production systems

Leading provider of subsea measurement, boosting and

process systems

Thank you for your attention

Questions?