Abstract:Life extension of ageing floating production facilities can be an effective way to maximize profitability of mature assets by extending production and offset decommissioning expenditures, increasing profitability. Utilizing existing assets can be also an option to develop and tie-back new marginal fields in a more economical way rather than develop new large greenfield facilities.
Nonetheless, the benefits of extending the life of the production system might be reverted not only due to the insta… Show more
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