If capex and opex can be reduced, and opex maintained at design levels through-life, with all safety and environmental design criteria met, then many marginal fields may become
economic and investable. When such fields reside in the D&P rather than
E&P segment, they may become especially attractive because the investment
to that time has removed considerable uncertainty and hence risk. These are the
opportunities MFDevCo seeks.
We can reduce project development costs in many
ways, standardising facilities and approaches, for example, Normally Unattended
topsides to reduce manning levels, self-installing,
redeployable structures to minimise subsea infrastructure and decommissioning
costs, and non-recourse project finance solutions that reduce the capital at
risk. We work closely with our Consortium members to develop, deliver and
operate projects to deliver economic and investable developments.