While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years. A new solution involving a proprietary hybrid concept has emerged to meet this challenge of developing deepwater gas fields. It is neither surface nor subsea, but the combination of both, offering fundamentally more-efficient and hence lower-cost processing.
Background
Subsea and Deep Water. When the oil and gas industry moved into deeper waters in the 1990s, subsea processing operations were not available.
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