Page 18 - Oil&Gas-AustralAsia-2015-Issue-3
P. 18
A APPEA 2015 REVIEW
Focus on innovation and optimizing
existing operations key themes
emerging from APPEA
The 2015 APPEA conference shone a projects in development and construc- or operator is to accurately track the
light on the key issues confronting Aus- tion (60mtpa of new LNG capacity at or extent of the spill to enable an effec-
tralian oil and gas explorers, operators now nearing end of construction) to an tive, rapid emergency response. The
and service provides resulting from operational phase. The panel recog- movement of the OSTB is limited to the
the decline in the global oil price and nised the change in safety (from con- metocean conditions at the immediate
maturing of gas reserves. struction to process/operational safety) air/sea interface and in the upper 0.5m
WorleyParsons has a number of our but also in the skills required of of the water column – meaning that
multidisciplinary specialists present on industry in areas such as engineering like oil – it is driven by water currents
a varied range of topical industry mat- and maintenance. There were some in- rather than wind. The OSTB can be
ters. Two consistent themes emerged; teresting differences in views in relation deployed via boat or helicopter and is
we must embrace innovation and to Australia’s service industry’s ability to fitted with a unique impact resistant
seek to optimize existing operations respond to this change in demand. satellite tracking device. The OSTB is
to differentiate and create value in the Innovation was a hot topic, with Wor- available for hire and purchase.
provision of our services. leyParsons technical specialists high- The concept selection phase is recog-
The Plenary session ‘Mega-Projects in lighting how we are utilizing tools and nised as the greatest opportunity to
Transition’ involved a panel of speakers, technology to realise significant value to create project value. WorleyParsons
including WorleyParsons CEO Andrew our customers. presented the innovative steps and tools
Wood, who debated the path forward An excellent example of this innova- it used to develop, assess and recom-
for Australia to become the biggest and tion is WorleyParsons exclusive oil spill mend a preferred offshore oil develop-
best LNG producer in the world. The tracking buoy (OSTB), a device that ment concept in South America for an
panel explored concerns in regard to accurately tracks the trajectory of oil Australian explorer. The key activities
the transition within Australia from an across water. In the unlikely event of an performed with the integrated customer
unprecedented high concentration of oil spill, the first priority of the owner team were for all to:
1. Understand the key decisions (now
vs future)
2. Use of the building block method for
cost compilation (allowing for future
changes)
3. Use local relevant Brazil analogues to
benchmark
4. Balance risk with reward for the final
recommendation
WorleyParsons used a combination of a
framing workshop (to identify the key
constraints) and propriety Select tools;
SeleXpress – process sizing and equip-
ment costing; SelePRONTO – weight
benchmarking; and multi-criteria
decision analysis for pair wise compar-
isons. §
For further information on
WorleyParsons services and technology,
please contact Mike Entwistle, Business
Development Director –Hydrocarbons
michael.entwistle@worleyparsons.com
A A16 OIL & GAS ustral SIA JULY/AUGUST 2015 www.oilandgasaustralasia.com
Focus on innovation and optimizing
existing operations key themes
emerging from APPEA
The 2015 APPEA conference shone a projects in development and construc- or operator is to accurately track the
light on the key issues confronting Aus- tion (60mtpa of new LNG capacity at or extent of the spill to enable an effec-
tralian oil and gas explorers, operators now nearing end of construction) to an tive, rapid emergency response. The
and service provides resulting from operational phase. The panel recog- movement of the OSTB is limited to the
the decline in the global oil price and nised the change in safety (from con- metocean conditions at the immediate
maturing of gas reserves. struction to process/operational safety) air/sea interface and in the upper 0.5m
WorleyParsons has a number of our but also in the skills required of of the water column – meaning that
multidisciplinary specialists present on industry in areas such as engineering like oil – it is driven by water currents
a varied range of topical industry mat- and maintenance. There were some in- rather than wind. The OSTB can be
ters. Two consistent themes emerged; teresting differences in views in relation deployed via boat or helicopter and is
we must embrace innovation and to Australia’s service industry’s ability to fitted with a unique impact resistant
seek to optimize existing operations respond to this change in demand. satellite tracking device. The OSTB is
to differentiate and create value in the Innovation was a hot topic, with Wor- available for hire and purchase.
provision of our services. leyParsons technical specialists high- The concept selection phase is recog-
The Plenary session ‘Mega-Projects in lighting how we are utilizing tools and nised as the greatest opportunity to
Transition’ involved a panel of speakers, technology to realise significant value to create project value. WorleyParsons
including WorleyParsons CEO Andrew our customers. presented the innovative steps and tools
Wood, who debated the path forward An excellent example of this innova- it used to develop, assess and recom-
for Australia to become the biggest and tion is WorleyParsons exclusive oil spill mend a preferred offshore oil develop-
best LNG producer in the world. The tracking buoy (OSTB), a device that ment concept in South America for an
panel explored concerns in regard to accurately tracks the trajectory of oil Australian explorer. The key activities
the transition within Australia from an across water. In the unlikely event of an performed with the integrated customer
unprecedented high concentration of oil spill, the first priority of the owner team were for all to:
1. Understand the key decisions (now
vs future)
2. Use of the building block method for
cost compilation (allowing for future
changes)
3. Use local relevant Brazil analogues to
benchmark
4. Balance risk with reward for the final
recommendation
WorleyParsons used a combination of a
framing workshop (to identify the key
constraints) and propriety Select tools;
SeleXpress – process sizing and equip-
ment costing; SelePRONTO – weight
benchmarking; and multi-criteria
decision analysis for pair wise compar-
isons. §
For further information on
WorleyParsons services and technology,
please contact Mike Entwistle, Business
Development Director –Hydrocarbons
michael.entwistle@worleyparsons.com
A A16 OIL & GAS ustral SIA JULY/AUGUST 2015 www.oilandgasaustralasia.com
