12 things to survive the low oil price.

As Premier Oil makes a historic find in the Gulf of Mexico, probably one of the 5 largest discoveries of oil in the world, and its shares surge by a 1/3 to over 60p, we have to ask ourselves if this black gold discovery is as valuable as it used to be or will it simply add to the headache …

Subsea Pipeline Inspection, Repair and Maintenance

Introduction Ever since the first subsea pipelines were installed engineers have been developing methods to inspect, repair and maintain them to ensure that they can safely transport the fluids required. Most of this development has focussed on the areas of saturation diving, remotely operated vehicles and pigging, with the technologies improving incrementally to meet the demands of deeper, hotter and …

Low Cost Oil – High Cost Extraction – OPEX Reduction Necessary

Introduction Once again, we find ourselves in a market slump caused by rising costs and, on this occasion, tumbling oil price.  To many, that may seem like just another dip in the cycles experienced across the industry, typical of the surges and dips evident across the years.  However, whilst that may reflect the industry as a whole, that simplistic view …

Use Probabilistic Data for Safer and Cheaper Design and Operation of Pipelines

Vast amounts of data are now available to designers and operators of pipeline systems, however, this data is rarely used to optimise the design or operation because the standards and codes do not allow for this. Introduction We live in a world where the perception of risk is often skewed. People think that any risk is unacceptable but… We still …

HIPPS – Black Magic or Science?

Recovering reserves at an acceptable capex investment for flowline and riser installation presents significant challenges for deepwater projects. High-integrity pressure protection systems (HIPPS) offer the potential to improve recoverability. These systems provide pressure breaks between subsea systems that are rated to full shut-in pressure and the flowline and riser, rated to a lower pressure. The use of HIPPS is poorly …