The cost of drilling and completing wells in deep waters in the Gulf of Mexico is heavily influenced by loop currents and hurricanes.
BP experienced substantial downtime associated with these events. The frequency and duration of loop currents increased significantly with the move to water depths beyond 5,000 ft.
These deeper water depths also dictate longer hurricane preparation times to secure the well, pull the long length of riser, and move the rig out of harm’s way. These problems are further magnified by the increasing well depths because time on location increases, and drilling and completion costs become a larger part of the total cost of developing a field.
For many of the new HPHT developments well depths are 25,000 ft to 30,000 ft plus, resulting in drilling and completion costs being 60% to 70% of the total project development budget.
BMT assisted BP with these issues by performing operational simulations of drilling and completion activities using its SLOOP oil and gas field simulations software. SLOOP has achieved over 1 million years of hydrocarbon production simulation in over 20 years.
The SLOOP simulations of the Atlantis operations allowed the expected drilling and completion duration to be estimated, taking into account the downtime due to metocean conditions.
Equally important, the simulations also showed the likely variability in the durations of the drilling programme.
It was possible to directly compare the probable drilling durations (and hence costs) using different drilling technologies, by repeating the simulations with different technology models.
Also, by calculating the production profile corresponding to the drilling programme, the economic value of the early production was derived, providing a measure of the financial gain.
The main benefit of a new drilling technology may be in terms of reduced average time or cost. However, it may also come from the reduced probability of a lengthy overrun of the drilling programme with consequential additional costs and delayed production. Simulation studies such as these can help to quantify these benefits.
The simulation results helped define the size of the ‘prize’ of utilizing a freestanding riser at Atlantis and formed the basis to help evaluate investment in this technology.
BMT undertook an operational and economic simulation of a 300MW wind farm, consisting of a 100 turbine wind farm using a series of “what if” scenarios to better understand the risk profile surrounding the investment decision and ongoing maintenance of a ‘typical' wind farm.
BMT was commissioned to complete a multi-million dollar feasibility study to assess the commercial, technical and environmental viability of the Sebuku mine expansion project in Kalimantan, Indonesia. The majority of the study was completed in-house, showcasing the broad range of specialist skill sets that exist within BMT.
¡VAMOS! aspires to enable the provision of a stable and competitive supply of raw materials for Europe by increasing the production of raw materials within the EU with the help of a breakthrough underwater mining system.
Concept design, detailed mechanical and structural design, preparation of plant specifications, technical support during manufacture and erection