maximising the value of late life operations in a low oil price environment
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Working together for a safer world
Lloyd’s Register Energy Maximising the value of late life operations in a low oil price environment
How technology and innovation drive optimisation AND safety.
Rebecca Allison- Product Development Manager / Asset Integrity Services
Lloyd’s Register Energy
Agenda
Key Questions
The Way Forward
Factors Effecting Late Life Operations
Current Challenges
Late Life Requirements
Areas to Consider
Lloyd’s Register Energy
Factors Effecting Late Life Operations
Accumulating or
Accelerating damage
Modifications Obsolescence
Changes of process & / or
well conditions
Advances in knowledge
and technology
Organisational issues / loss of
corporate knowledge
Lloyd’s Register Energy
Symptoms of Late Life
Gas Deficient
Loss of Power
Scaling & Corrosion
Blocked Drains
• Unplanned Shutdowns
• Integrity Activities
• OPEX Costs Incr
ease
d
Lloyd’s Register Energy
Current Challenges
Mature Basin
Integrity Issues
Increased OPEX
Decline in Production
Offshore Inefficiency
High Lifting Costs
Lloyd’s Register Energy
Operational Requirements
Safety and operability of
the asset is retained
Prediction on the level of investment
required
Optimisation of maintenance
and inspection intervals,
activities and costs
Legislation, industry
standards and client
guidelines
Lloyd’s Register Energy
Late Life Management - Key Questions
1. How do we introduce efficiencies?
2. How can we help each other?
3. How do we make mature assets sustainable?
Lloyd’s Register Energy
ANTHONY J. D'ANGELO
Lloyd’s Register Energy
Late Life Management – Key Elements
Source: Oil & Gas UK: Guidance on the Management of Ageing & Life Extension
Lloyd’s Register Energy
The Way Forward
Lloyd’s Register Energy
Summary
• Integrity Management has to increase/improve in some areas and change focus in others.
• Criteria such as CoP, age of asset, commercial and risk criteria has an influence on the strategies.
• There is no generic model for a strategy of transition from operations to decommissioning.
• Data Management is key.
Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates. Copyright © Lloyd’s Register Energy Drilling. 2014. A member of the Lloyd’s Register group.
Rebecca Allison Product Development Manager / Asset Integrity Services
Aberdeen
T +44 (0)1224 247446 / +44 (0)7816 066329
rebecca.allison@lr.org
Working together for a safer world
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