Technological Advances in Efficiency and Lower Cost Solutions for Future Offshore Field Development
Session 1 - Seismic
Panel Leader: Jim Thomson, Senior Geophysical Advisor - Shallow Hazards at Hess Corporation
Speaker: Inge Olsen, Ceo & President at Worldwide Seismic
Topic: The Future of Seismic
Session 2 – Metrology
Panel Leader: John Brader, Survey Inspection Manager at Subsea 7
Speaker: Keith Vickery, President at Zupt, LLC.
Topic: INS Remote Metrology & Sparse LBL SLAM Array Add On
Session 3 – Subsurface Surveillance
Panel Leader: Pak Leung, Metocean Specialist at Shell Global Solutions Inc.
Speaker: Neil Manning, Chief Business Development Officer at 3D at Depth
Topic: Subsea LiDar
Session 4 – Life Extension
Panel Leader: Jenny Lu, Principal Engineer - Structural Integrity Group at DNV GL
Speaker: Dharmik Vadel, Vice President at Clarus Subsea Integrity
Topic: Life extension - Subsea Case Studies
- 1000-1015 Coffee Break / Visit Exhibitors
- 1100-1115 Coffee Break / Visit Exhibitors
- 1345-1400 Coffee Break / Visit Exhibitors
- 1400-1500 Panel Discussion
A recent break even analysis issued by Wood Mackenzie indicates that technological developments in offshore drilling strategies and operations have resulted in an approximate 20 % reduction in the breakeven cost for operators (down to 50 $) (Wood Mackenzie, April 2017). This trend is reflected in an approximate doubling of the Department of Interior Lease Sales in the Gulf of Mexico. It is important to note that these advances have been accomplished in increasingly challenging conditions associated with deep water operations. Improvements in 3-D seismic technologies with advanced velocity models have improved exploration and geohazard planning as well as reservoir management. Advances in subsurface Lidar technologies and image processing have greatly improved installation and management of underwater assets, as well as reducing survey acquisition time. Expanding interest and improved organization in existing and planned environmental measurement systems (i.e. current, waves, tropical weather assessment, loop current monitoring) are advising front end engineering studies and are being incorporated in long term structural fatigue consideration. Lessons learned from asset engineering design studies associated with reinvestment through Life Extension are being incorporated into planning for new field development. These efforts at increased efficiency and lowering cost by the exploration and production industry in the Gulf of Mexico are now manifesting in improved outlook for the offshore industry.