Over the years, considerable effort has been made in order to reduce risk and secure profits in the petroleum industry. Nevertheless, underestimation or insufficient control of the risks occurs frequently, which result in cost and time overruns.
Decision support methods and tools
Flow Assurance (FA) has grown as a concern in deepwater developments and long distance hydrocarbon transportation. Main challenges related to flow assurance of remote systems are the risks of production loss due to equipment failure or flow line blockage due to hydrate formation or deposits.
New qualification methods
The oil and gas industry has a long lead time before new technology is implemented. By not utilizing the advantage of new technology in due time the industry has to carry larger costs.