standardization

Given the inherent differences in projects, the author discusses how can standardization be used to avoid creating each one from scratch, and what the benefits of standardizing might be for the industry.

Many companies are seeking 20% to 50% reductions in project costs. This level of capital cost reduction requires serious rethinking of the strategy for developing and executing projects.

The current state of the subsea industry can best be described as confusing - there must be a better way of doing business.

Operators’ demands for structural designs are changing along with the need to produce from harsher environments, deeper waters, remote areas, and marginal fields. New-builds and modifications require different approaches in assessment of cost, design, and construction.

Complexity is now a day-to-day parameter in the world of the subsea engineer. We are not developing these systems for fun; huge value is associated with maximizing recovery from these deep, remote oil and gas reservoirs.