Means any loss, damages, costs, expenses or liabilities caused (directly or indirectly) by any of the following arising out of, relating to, or connected with a JOA agreement or the operations carried out under the JOA such as (i) reservoir or formation damage; (ii) inability to produce, use or dispose of Petroleum; (iii) loss or deferment of income or profit; (iv) business interruption, (v) punitive damages; or (vi) other indirect damages or losses whether or not similar to the foregoing.
Part of the seismic interpretation process. Prestack Time Migration is an excellent imaging tool in situations where strong or very complex subsurface velocity fields are not expected
To cut down the amount of risks involved in oil and gas exploration
Such as the results of exploration wells help to continue to de-risk the production outlook
This network receives natural gas from one PRMS or more, that link the distribution network to the transmission system. Certain portions of the distribution network operate at 16 bar, whilst the remainder sectors operate at between 4 to 7 bar, dependent on the size of the region where the distribution network operates
Facility that controls the flow of gas from the distribution network into the consumer’s premises at a constant pressure and that measures the amount of gas consumed
Facility that controls the flow of gas between pipelines in which the gas flows at a pressure of between 2 to 7 bar into smaller pipelines where the pressure is of 150 milli-bar or less
Facility that controls the flow of gas within the pipelines in which it flows at a pressure of higher than 7 bar into smaller pipelines where the pressure is between 2 to 7 bar
Subsea tiebacks, which link new discoveries to existing infrastructure, are now becoming viable and are set to become a major factor in the development of new oil and gas reserves in the 21st century. With larger oil and gas discoveries becoming less common, attention has turned to previously untapped, less economically viable discoveries. If a deposit is isolated, it is usually not economically viable. However, rising crude oil prices and increasing demand for gas means that previously uneconomical deposits are now starting to look attractive. Indeed, exploiting new discoveries using existing production facilities is an important way of obtaining maximum value from existing infrastructure.
Of course, this still does not solve the technical difficulties of laying subsea pipelines and the installation of subsea production platforms and processing units. How much easier and less expensive it would be if existing infrastructure could be used to recover the oil and gas and transport it to market. This is where subsea tiebacks are now becoming an appealing option.
Subsea tiebacks can require significantly lower initial investments compared with developments using floating production, storage and offloading (FPSO) or fixed installations. The economics of a field are, however, governed by a number of factors specific to that field:
• Distance from existing installation
• Water depth
• Recoverable volumes, reservoir size and complexity
• Tariffs for processing the produced fluids on an existing installation
• The potentially lower recovery rates from subsea tiebacks versus standalone development, due to limitations in the receiving facility’s processing systems
• The potentially higher recovery rates from platform wells, due to easier access to well intervention and workovers
The Scandinavian oil giant Statoil has instigated a number of recent subsea tieback developments. One of these has recently come online, the Skinfaks / Rimfaks project in the North Sea. Field recovery in the project will be increased using several wells via tieback to the Gullfaks C platform.
The technology for subsea tiebacks has been widely available since about 1990-1995, but more established and field-proven technologies are sometimes preferred because they reduce the risks in small or marginal developments. Modern advances in flow assurance and multiphase transport now allow the use of tiebacks over much longer distances, while the introduction of subsea processing will strengthen the business case for subsea tiebacks in future developments. In addition, new tools have become available for boosting pressure and removing sand and water from the wellstream, and for assisting reservoir pressure on subsea tiebacks, and this has boosted the case for the development of marginal projects. One of these tools is Advantica’s grouted tee hot tapping, developed as a lower-cost alternative to other pipeline modification methods for subsea installations. Such technologies are essential to the economics of subsea tiebacks.
Subsea tiebacks provide a number of important benefits in the development of oil and gas fields. Because much of the infrastructure is already in place, projects can be fast tracked and brought into production much more quickly. There can be flexible and phased developments in certain fields, which are beneficial for small / marginal developments. In addition, as production capacity becomes available on existing installations and infrastructure, subsea tiebacks are very important in maintaining production levels.
Of course, this still does not solve the technical difficulties of laying subsea pipelines and the installation of subsea production platforms and processing units. How much easier and less expensive it would be if existing infrastructure could be used to recover the oil and gas and transport it to market. This is where subsea tiebacks are now becoming an appealing option.
Subsea tiebacks can require significantly lower initial investments compared with developments using floating production, storage and offloading (FPSO) or fixed installations. The economics of a field are, however, governed by a number of factors specific to that field:
• Distance from existing installation
• Water depth
• Recoverable volumes, reservoir size and complexity
• Tariffs for processing the produced fluids on an existing installation
• The potentially lower recovery rates from subsea tiebacks versus standalone development, due to limitations in the receiving facility’s processing systems
• The potentially higher recovery rates from platform wells, due to easier access to well intervention and workovers
The technology for subsea tiebacks has been widely available since about 1990-1995, but more established and field-proven technologies are sometimes preferred because they reduce the risks in small or marginal developments. Modern advances in flow assurance and multiphase transport now allow the use of tiebacks over much longer distances, while the introduction of subsea processing will strengthen the business case for subsea tiebacks in future developments. In addition, new tools have become available for boosting pressure and removing sand and water from the wellstream, and for assisting reservoir pressure on subsea tiebacks, and this has boosted the case for the development of marginal projects. One of these tools is Advantica’s grouted tee hot tapping, developed as a lower-cost alternative to other pipeline modification methods for subsea installations. Such technologies are essential to the economics of subsea tiebacks.
Subsea tiebacks provide a number of important benefits in the development of oil and gas fields. Because much of the infrastructure is already in place, projects can be fast tracked and brought into production much more quickly. There can be flexible and phased developments in certain fields, which are beneficial for small / marginal developments. In addition, as production capacity becomes available on existing installations and infrastructure, subsea tiebacks are very important in maintaining production levels.
Unrisked reserves are those estimated to be recoverable in the case of a successful well, but the risks have not yet been defined since the well has not yet been drilled.
In place volumes with no exploration risk calculated.
