Floating production systems versus subsea tiebacks: the costs?

This model estimates the line-by-line costs of an FPSO project, across c45 distinct cost lines, in order to quantify the potential savings of a tieback or a ‘fully subsea’ development.

Our estimates drawing on four technical papers, as illustrated in the backup tabs of the model. For a full discussion, see our recent note ‘The future of offshore: fully subsea‘.

We estimate c$750M of cost savings for a tieback, and c$500M of cost savings for a fully subsea development, as compared against a traditional project with a traditional production facility.  Please download the model to see the different cost drivers, line-by-line.