DEEPWATER RISKS-2: Deepwater projects present surface, downhole challenges

Selecting appropriate field development plans, risk management, and modifying project implementation methods is essential to maintaining the viability of deepwater oil and gas projects.The second part of this two-part article lays out considerations for flow control and assurance, processing and support, transportation and storage, schedules, abandonment, and other aspects of complex projects.Flow control and assuranceFlow assurance aspects represent both revenue and cost risks.Any upset in flow from the wells will directly impact the volume of product available for sale, and the cost of rectifying a flow problem in deep and cold water will represent a formidable cost risk.Increasing the ...

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