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Module 6
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Module 6
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Contractual, Economic and Risk Considerations; Field Development Case Studies
On completing this module you will have an understanding of:
- The worldwide use of FPSOs as part of a Field Development
- The steps in a Field Development Project
- A Field Development must be assessed to see whether it can be done economically
- The classification, principles and importance of risk management
Steps in a field development
Field partners
Capital costs (CAPEX)
Operational costs (OPEX)
Evaluating and managing risks
- Classification of risk
- Risk management
FPSO Commissioning (in yard) and start-up (in field)
Examples of fields developed with FPSOs
- Small North Sea fields (shallow water)
- Large deepwater fields in West Africa
- Large deepwater fields in Brazil
- Fields in S. E. Asia and Australia
- Other global fields