Low Motion Technology
15th August 2017
INTECSEA’s state-of-the-art Low Motion (LM) technology has been developed to improve motion response of conventional floaters, resulting in significantly reduced field development CAPEX and OPEX, and improved safety and habitability.
As oil and gas market conditions continue to be challenging, it becomes paramount to reduce overall offshore field development costs to enable establishing business cases for offshore field development projects. Capital Expense (CAPEX) is the major contributor for operators to successfully pass the Final Investment Decision (FID) stage in field development projects. Operational Expenditure (OPEX) is another key contributor when establishing a business case. Therefore, reductions in overall development costs should focus on both CAPEX and OPEX, while at the same time maintaining safety as the ultimate priority.