WHAT WE'VE DONE
As the client’s asset enters its late life phase a team was put together tasked with investigating, assessing and selecting various options aimed at reducing and containing operating costs with the goal of extending the life of field operation beyond the anticipated COP 2024.
The asset had reached a point where cost reduction was necessary in order to return to profitability and encourage new investment.
The asset had a sizeable organisation (both offshore and onshore), ageing equipment, including some that was becoming obsolete, and production efficiency challenges.
The challenges for the client were to:
ADIL utilised elements of their Life Extension and Decommissioning (LED) service offering to support the client with their asset.
ADIL independently reviewed and challenged the existing processes and practices used for management of the asset, providing insight back to the client throughout.
The specific aspects that the ADIL approach focused on included:
ADIL’s independent assessment of the asset identified several areas for real improvement that, if delivered, will achieve the asset’s late life business case.
ADIL provided insight into all aspects of the client’s field and developed a framework that set out how the asset should be operated. This detailed how OPEX can be improved to make the asset economically viable, how the culture within the asset team can be improved and how the life of the asset can be extended.