Normally Unattended Platforms Offer OPEX and CAPEX Reductions

A recent report from Britain’s National Subsea Research Initiative suggested that around 5% of the UK North Sea’s remaining reserves, or 1.8 Bboe, are in small or stranded hydrocarbon accumulations.

According to Alison Pegram, Managing Director of the Marginal Field Development Co. (MFDevCo), “this is just one of the many and varying estimates of the volumes contained within developable marginal fields. However, such estimates, although stressing the importance of these reserves in terms of future UK production, disguise important interpretations – namely, the lower the oil price, the greater the number of stranded accumulations and the size of fields deemed marginal.”

Click here to read the full article in Offshore Magazine.