Our Business

MFDevCo specialises in the development of marginal field projects

We work with our Consortium members to evaluate the options that convert marginal projects to economic, investable opportunities. We use proven technologies, reconfigured to deliver projects and maximise value. We devise financing solutions. We use innovative approaches to reduce opex and capex centered around NU-SIFT (Normally Unattended-Self Installing Fixed Tower) facilities with through-life integrated project management (IPM) methods to maintain cost-effective operations.

Normally Unattended (NU)
Normally Unattended operations to reduce opex.
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Self-Installing Fixed Tower (SIFT)
SIFTs are a generic range of structures that can all be easily installed and redeployed and from which drilling can be undertaken. They reduce project capex.
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Suitability Assessments
Evaluating the potential value of a marginal field using ‘suitable’ options.
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Field Development Plans (FDPs)
It is only appropriate FDPs which will transform marginal field economics.
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Engineering and Detailed Design
Consortium members undertake FEED and further studies once a suitable development has been evaluated.
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Project Finance
The aim of our offering is to generate the strongest project economics which will, in turn, provide a compelling case for investment.
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Construction
MFDevCo and Consortium members oversee the construction of the platform, storage, and fabrication of topsides modules, under contract with Calm Oceans Pty. Limited who will provide these on a lease basis.
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Installation and Commissioning
Self-installing design and redeployment result in lower costs from commissioning to abandonment.
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Operations
Lower opex from Normally Unattended operations and carefully planned field operations are key to MFDevCo’s approach.
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Redeployment & Decommissioning
We design our facilities to be decommissioned and redeployed quickly, efficiently and cost-effectively.
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