Skip to content
Menu
Gas2Wire Forum
  • Energy Transition
  • Extending Field Life
  • Carbon Efficiency
  • Flaring
Gas2Wire Forum

Extending Field Life – The Race Against Infrastructure Decline

Posted on November 13, 2019March 17, 2020

The Oil & Gas Authority (OGA) recently published their “2018 UKCS Projects Insights Report”. On the UKCS there are currently more than 60 projects in the pre-FID ‘assessment’ and ‘authorisation’ phases, of which a significant number delayed a final investment decision (FID) in 2018. Reasons cited included funding, well data, sale/transfers of assets and longer FEED. Out of the projects at this stage, the average discovery age is currently 25 years and counting.

Of particular concern for this extended discovery to FID timeline is that if the trend continues, given the rate of production decline and fields reaching end of life, the current infrastructure may no longer be in service – at the expense of efforts to ‘maximise economic recovery’ of our national resources.

One means of extending field life, while maintaining the links to shore that enable continued exploration and development of smaller, nearby or satellite accumulations, is Gas2Wire. The switch from pipeline to cable reduces OPEX and allows fields and hubs to produce lower for longer, maximising economic recovery of both developed and undeveloped resources.

Navigation

  • Forum Home
  • MFDevCo

Categories

  • In the News
  • Commentary
  • Energy Transition
  • Extending Field Life
  • Carbon Efficiency
  • Hydrogen
  • Natural Gas
  • Flaring
  • Regulatory
  • T&C

Recent Posts

  • Revised OGA Strategy ‘comes into force’
  • A transition pathway for hydrogen
  • A Pathway to Powering Our Net Zero Future
  • UK Offshore Oil and Gas – A Journey to Net Zero
  • Offshore Integration key to Net Zero Delivery

Archives

Navigation

  • Forum Home
  • MFDevCo

Categories

  • In the News
  • Commentary
  • Energy Transition
  • Extending Field Life
  • Carbon Efficiency
  • Hydrogen
  • Natural Gas
  • Flaring
  • Regulatory
  • T&C

Privacy Policy

Terms and Conditions

©2021 Gas2Wire Forum | Powered by SuperbThemes & WordPress
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsPrivacy policyACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.