Subsea Projects Cost Reduction - Petrobras Approach, Results and Next Steps

摘要

The Oil and Gas industry has faced an unpredictable and fast transformation in the last years. At first, therernwere barrel prices over U$ 100 dollars, which motivated a huge worldwide investment that pushed operatorsrnand the supply chain to respond to unprecedented growth. Due to the downturn in the oil prices, the challengernhas moved towards achieving project feasibility in a low Brent scenario. The Brazilian subsea oil and gasrnindustry has struggled with this context. Initially, with the Pre-Salt discoveries in 2006 it was necessaryrnto develop breakthrough technological solutions to face this new frontier and to build 10 ultra deep-waterrnproduction systems happen in just 10 years. Due to the recent price drop, Petrobras subsea engineering arearnhas faced a demand to develop simpler and cost efficient solutions to reduce Pre-Salt CAPEX and OPEX.rnThe objective of this paper is to review how Petrobras subsea area is dealing with these challenges sincernthe discovery of Pre-Salt in 2006 until the current downturn of the oil and gas industry. As a reaction tornthat, Petrobras has been running an internal strategy called Subsea Cost Reduction Plan - PRCSub. Thernmain purpose of this program is to search for the biggest cost reduction opportunities and to promote a fullrnintegration among Petrobras subsea team and suppliers.