The Advantages of an Integrated Approach to Subsea Tie … · The Advantages of an Integrated...
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The Advantages of an Integrated Approach to Subsea Tie-Backs
Egypt - Norway Technology Days
Tim Crome, Cairo, 12th February 2017
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Meeting the world’s growing energy
needs requires accessing hard-to-reach
oil and gas resources that cannot be
fully developed without significant
and sustainable improvements in
project economics.
Change is needed, now more than ever.
Driving the change the oil and gas industry needs
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Section break title (32pt)
TechnipFMC is well-positioned to lead the change. By bringing together complementary skills and innovative technologies we can boost efficiency, lower costs, and accelerate schedules.
Our offerings extend from concept to project delivery and beyond. From an individual operation to an end-to-end solution, we are ready to transform project economics.
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Driving value for clients
Accelerate and integrate
technology innovations
Unlock possibilities to
transform project economics Develop better integrated
offerings across all operations
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Our commitments Broadest portfolio of solutions for the production and transformation of oil and gas
Subsea Onshore/Offshore Surface
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TechnipFMC operates in 48 countries around the world
Houston, TX Operational headquarters
London Operational headquarters
Paris Operational headquarters
Africa Algeria Angola Cameroon Congo Egypt Gabon Ghana Mozambique Nigeria Tunisia
Asia, Australasia and Middle East Azerbaijan Australia China India Indonesia Iraq Kazakhstan Kuwait Malaysia New Caledonia Oman Pakistan Qatar Russian Federation Saudi Arabia Singapore
Thailand United Arab Emirates Vietnam Europe Bulgaria Finland France Germany Greece Italy Netherlands Norway Poland Portugal Spain United Kingdom
North America Canada United States
South America Argentina Brazil Colombia Mexico Venezuela
Unique worldwide footprint
Integrated Subsea Technology
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Subsea services value chain and drivers
The subsea system life cycle
Operation and management
Maintain production,
increase recovery
Plug and
abandonment
Drilling and
completion
Installation
Subsea
Drilling
Systems
Installation Asset
Management
Production
Optimization Field IMR Well Services
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Capturing the iEPCI value
Advantage of the integrated contract model
Concept Pre-FEED FEED
SPS
SURF
First
oil
Concept Pre-FEED FEED First
oil
Integrated
SPS and
SURF
Tender
Tender Tender / Negotiated
Traditional SPS
and SURF
approach
Integrated EPCI
approach
Competition Award
Accelerated
First Oil
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Integrated approach to subsea design redefines project economics
Enhanced
Approach
Traditional
Approach
Enhanced
Approach
Enhancements
Reduced material costs
Simplified equipment set-up
Optimized flow assurance
Reduced installation phase
Accelerated time to first oil
Key benefits
Traditional approach
Enhanced approach
Umbilical
Proprietary technologies
Enhancements
One global contractor
Integrated procurement
Optimized subsea architecture
Fewer SPS interfaces
Reduced flowline and riser lengths
Less complexity through reduced
part counts
Up to 30%
CAPEX
reduction
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Transforming Project Economics
Conventional 8-Well Development of Today
Subsea Vision: Fully Integrated SPS + SURF
Deliver subsea fields at significantly lower cost with improved certainty of schedule and in less time
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Integration supported by recent achievements
First integrated project award
Unique leadership:
Integrated SPS+SURF solutions
Client: Statoil Project: Trestakk
Integrated EPCI (engineering, procurement,
construction, and installation) contract
Full suite of products and services including
subsea trees, manifold, umbilicals, and
installation
Early and broader involvement with operator
Significant reduction in total project costs
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Award Month
Integrated Front End Studies from start of Alliance
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TechnipFMC Subsea Tie-back Technology
Combination of SPS and SURF - elimination of interfaces
SPS
• Subsea Trees, Wellheads, Manifolds,
• Control Systems
• Tie-In Systems
• Subsea Processing and Compression
SURF
• Rigid and Flexible Flowlines
• Risers
• Umbilicals
• Installation vessels and equipment
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Complexity of Subsea Hardware - Subsea Tree
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Hydraulic Connector
Same functionality but only 7% of parts!
Optimization of hardware
640 Parts 43 Parts
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PLEM Mock-Up Size limitations
for in-line structures
Design for installation - pipelay
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Compact Manifold
Same functionality but fraction of weight and size allows installation by smaller vessels, or with pipeline
Optimization of hardware
~60T ~200T
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Integrated flexible pipe termination heads
Optimiszation of hardware
Integrated termination head
Traditional termination head
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Umbilicals – UK, USA (Houston) and Angola
Thermoplastic facility Steel Tube facility
Hose manufacturing R&D Facility
UK Facility - Newcastle
~60m high
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Integrated offering – Satellite Production System
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Protection Structure Installation
• SPS and SURF installation and well start-up
• Integrated tooling and personnel
• Combined reel umbilical and flowline installation
• Optimized logistics and mobilization
• Typical campaign duration 35-45days
• Accelerated first oil
Satellite Production System Integrated installation and pre-commissioning
TIWO – XT Installation Well Opening
Flowline & Umbilical Installation Trenching
Tie-In
Integrated EPCI Project Example
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Statoil, Head of Project Development:
“By rethinking our concept along with license partners and suppliers, we have arrived at a solution that costs almost 50% less than the original concept. At the same time, we have been able to increase the recoverable resources significantly”
Field discovered in 1986, investment decision made 30 years later!
Trestakk iEPCI® Project for Statoil
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Trestakk iEPCI® Summary
Project Summary
• Tie-back production to Åsgard A
• 5 wells; 1 template with 2 production and 2 gas injection wells and 1 satellite production well
• Control via a new umbilical from existing template
• Main marine season 2018
Main optimizations
• Routing of umbilicals, flowlines & use of direct tie-ins
• reduced lengths
• Structure design (template and satellite)
• Tailor made for installation vessel
• Flexible jumpers (instead of spools, with integrated heads)
• Optimized Marine Operations and simplified RFO
• Reduced Project Management and Client Teams
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Summary Trestakk iFEED® Cost improvements Q3 2015 to Q4 2016
Scope
optimization
iEPCI®
Benchmark
price before
optimization
iEPCI®
contract
value
Total cost improvement: 18% of iEPCI® price
at start of optimization study Q3 2015
Q3 15 Q1 16-
Q3 16
Net scope
changes post
start iFEED®
Q4 16 Q3 15 –
Q3 16
Q3 15 –
Q4 16
Net market
effects
[VALUE]
18%
2% 5%
75%
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Commitment to
safety and quality
We cultivate a climate of safety and quality by exemplifying outstanding behavior.
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Success will depend on our ability to deliver sustainable
substantial value to our Clients
50% Opex reduction
50% Capex reduction
50% Time to 1st oil
Unlock Long tiebacks, stranded
or uneconomic assets
Develop Integrated synergies in
a Life Cycle perspective
Anticipate Needs in a changing
economic climate
SUBSEA – High Level Aims
Ensure economic viability in a 30$ per bbl context