Adopting a 'lifecycle mindset' key to realising full potential of FPSO ops

FPSOs owners and operators can unlock significant operational and commercial advantages by reviewing traditional approaches to marine hose applications

- Jonathan Petit

ENERGY value chains are under pressure to simultaneously produce greater outputs and reduce expenditure.

As costs rise, there is growing pressure on the long-term financial viability of new projects at the initial financial investment decision (FID) stage, as well as ensuring profitability throughout floating production storage and offloading (FPSO) unit life-cycles.

Adopting a ‘lifecycle mindset’ challenges the assumption that lower upfront costs equal better value. Instead, reviewing the full lifecycle of a project and identifying where costs can be saved over time can improve financial performance.

It can also offer additional advantages in terms of safety, efficiency and environmental performance.

Implementing a value-driven operational strategy needs to be delivered by the right equipment. These solutions are integral to a crucial element of FPSO operations: FPSO reeling hoses.

INSIGHTS INTO AN OVERLOOKED ASSET

FPSO reeling hoses are a vital part of operations, but their importance can be underestimated within broader operational contexts.

To address this, Trelleborg collaborated with some of the leading members of the oil and gas industry, particularly within the FPSO value chain.

This included national and international oil companies to develop a research report that identified key trends impacting FPSO reeling hose selection, along with learnings and next steps to leverage this critical aspect of FPSO operations.

Insights from substantive interviews found several legacy issues that are preventing the widespread uptake of proven reeling hose technologies.

DEMAND FOR A PROVEN TRACK RECORD

The industry discussions revealed that buyers prioritise track records for reeling hoses. This is logical as marine hoses serve as the fulcrum for ensuring safe, reliable and more sustainable FPSO operations.