De-Manning Deepwater?

We have estimated the cost savings for de-manning an offshore oil platform, based on recent technical disclosures from Technip-FMC, as “the oil price slump in the past few years combined with the latest advances in technology [and] led to the evolution of these minimal unmanned floating platforms”.

Our numbers are built up of fifteen line items, in order to quantify both capex and opex savings; both in USD terms and in $/boe.

Our notes are also included in the download, summarising the philosophy behind the cost-savings, the technical enablers and some of the changes recommended. To get the most out of de-manning, automation should be fully embraced, as more hesitate early forays have had “mixed” results.