State-of-the-art design of this deepwater semi-submersible benchmarks future builds
In 2015, plummeting oil prices made it cost prohibitive to undertake deepwater developments using current designs and methodologies. So our customer decided to challenge the norm and look for an economical way to continue to produce oil in the deepwater.
The project will represent a significant contribution to the continued growth in the Gulf of Mexico
In 2018, a final investment decision was announced with forward looking break-even price estimated to be less than USD$35 per barrel for the deepwater development. This is a great achievement from our client and Worley who collaboratively redesigned the project, leading to the reduction of more than 70 per cent from the original concept.