Tie-back of the Future
The Oil & Technology Centre’s ‘Tie-back of the Future’ initiative aims to both half the cost and half the time to develop small pools. This would make an additional 400 million barrels economic.
The initiative brings together 25 operators, supply chain firms and technology developers to transform the approach to developing marginal fields. Creating a circular economy, whereby subsea equipment is designed for disassembly and reuse, is at the heart of the initiative.
To date, the Technology Centre has invested £250,000 in engineering activity to develop the initiative, five technology projects are underway, 13 technology proposals are in the pipeline and six integrated studies have been completed.
Industry support from operating and supply chain companies is required to make the Tie-back of the Future a reality.
Subsea ‘Tie-Back of the Future’ presentations