Reservoir: Gulf of Mexico: Enhancing Value Through Subsea Tie-backs
Offshore subsea tiebacks to existing infrastructure in the Deepwater Gulf of Mexico provide a profitable opportunity in today’s challenging oil environment where the appetite for capital intensive, “Green Field” developments have been put on hold. The industry needs to be prepared for a $40 to $60 per bbl oil market for some time out into the future. By focusing on a “hub-and-spoke” philosophy, Anadarko is able to leverage existing infrastructure to enable short-cycle, lower capital intensive projects. Key enablers for this tie-back strategy include subsea technology advancement along with strong vendor relationships for cost and risk reduction. Good IPA Project Management expertise along with Program Execution Planning leadership by the asset team can take a “brown field” development and breathe new life into it while utilizing tried and true conventional/standardized technologies mixed with new innovations in equipment.
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