Economic Studies

Maximising Economic Recovery from Small Pool Developments: Commercialisation Model

Syed Mustafa Amjed

University of Aberdeen

MSc Oil & Gas Enterprise Management

In 2015 the National Subsea Research Initiative commissioned an MSc project with the University of Aberdeen as part of the small pools initiative.

The project produced minimum small pool sizes that could be exploited; currently (11.8 mmboe), with a 25% cost reduction (9.1 mmboe) and a 50% cost reduction (5.8 mmboe). CAPEX and OPEX spends required to exploit small pools were also calculated.

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Economic Study of Novel Standalone Facilities to Exploit Stranded Small Pools in the UKCS

David Graham

University of Aberdeen

MSc Oil & Gas Enterprise Management

Following on from Mustafa's work the National Subsea Research Initiative assisted University of Aberdeen MSc student David Graham in completing an economic study to investigate the feasibility of several standalone, oil & gas facility solutions. Industry experts provided further input and support.

Three different standalone solutions were considered, and economic analysis for each performed. 

  • Facility A - Production Buoy. 
  • Facility B - Subsea Factory. 
  • Facility C - FPSO "Lite". 

The quality of David's work was recognised by the University of Aberdeen who awarded him a distinction for his final submission.

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