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A publication approximately cost-cutting within the oil undefined. It examines pageant in undertaking improvement making plans, hidden merits of expense relief, weight/cost aid philosophies, affordable constructions for the North Sea and platform tracking as a device for fee relief

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Extra resources for Cost Reduction in Offshore Engineering: Proceedings of a Conference Organized by the Offshore Engineering Society of the Institution of Civil Engine

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In addition to more complete utilisation of module space, individual equipment items may also be integrated to provide more compact overall configurations. An example recently studied by M W Kellogg allowed a four stage refrigeration circuit using five exchangers, four drums and a separator to be combined into a single combined chiller/flash drum. 50. This allows substantial space reduction and also increased shop and reduced yard fabrication. In addition, reliability is improved. 51. This approach has potential application for example in gas condensate recovery.

For example, it is virtually impossible to predict fabrication or offshore equipment hire rates with any certainty in advance. Concept assessment can be undertaken by two methods: * Review Historical Out-turn Costs Reliable database Tends to perpetuate own company methods Difficult to incorporate change * Cost Forecasting Models Reliable multi-company database Objective assessment Methodology for costing innovation Alternatives can be evaluated rapidly Links between capital, abandonment costs operating and The first method has traditionally been used in the past.

This is equivalent to a saving of some 12-1400 tonnes of module structure for these overall dimensions. 36 PAPER 4: HINTON 38 SESSION 2: PLATFORM OPTIONS lis X CD "O

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