Harnessing tieback engineering techniques to accelerate production
The oil and gas industry is facing pressure to find efficient and commercially viable paths to new production amidst the perfect storm of an energy security crisis, surging inflation, and a challenging investment climate for fossil fuels.
The key challenge facing the industry is a ‘waterfall’ project management model, where every stage, from platform manufacturing to drilling, happens sequentially and in silos. This means that production drilling often doesn’t start until after a new platform has been built and installed, which can take several years.
It wasn’t always this way. In the past it was common practice for processes to be expedited by pre-drilling wells during the platform construction phase. These could then be later tied back to the platform, enabling them to be put onto production within days after the platform is installed.
Amidst an energy security crisis, there are growing financial and political imperatives for earlier and more cost-efficient routes to new production. Tieback engineering techniques offer the industry the opportunity to significantly reduce cost and timelines.
Download our latest article to discover how intelligent tieback engineering can accelerate production, optimise efficiency, and transform project economics for the offshore energy industry.