Industry: Oil and Gas
Knowledge Priority: Commercialise technology and research
About the Project
Current offshore technology relies on learnings from operations in the North Sea and Gulf of Mexico where marine conditions are very different to those in Australia, consequently many of these overseas technologies do not provide the reliability seen elsewhere. Much of the equipment installed in Australian waters is suffering premature failures and breakdowns, costing the industry hundreds of thousands to millions of dollars per failure to rectify and leading to lost production while equipment is out of service.
To find Australian solutions to Australian challenges, the Transforming Australia Subsea Equipment Reliability (TASER) project will create and install a unique subsea test structure in the warm waters off north west Australia.
The structure will act as a "living laboratory" and will be equipped with various pieces of equipment and coating materials to assess the effectiveness of innovative coatings, materials and technologies against calcareous deposition and marine organism growth on subsea equipment.
By focusing on sharing knowledge to improve subsea equipment design and reduce the requirement for costly and time-consuming interventions in Australia's challenging offshore warm water environment, the TASER project has the potential to offer significant cost savings to operators by maximising equipment reliability, availability and therefore production uptime.
This project is significant as, to date, there has not been a comprehensive research exercise to test coatings and equipment in Australian waters. Instead, the industry has relied on data collected from other oil and gas jurisdictions such as the North Sea and the Gulf of Mexico, where marine conditions are significantly different.
This project will improve subsea equipment design and reduce the requirement for costly and time-consuming interventions in Australia's challenging offshore warm water environment.
The TASER project will address critical challenges associated with equipment that is failing prematurely. It is estimated that reducing interventions and vessel costs can provide savings of up to $165 million per year across Australia by:
- Reducing interventions and vessel costs (six months vessel time at approximately $200,000/day = $36 million across Australia);
- Reducing the need to refurbish or purchase new equipment (estimated $20 million per year is spent in spares);
- Maximising equipment reliability and availability and subsequent production uptime (six months of deferred production = $50 million).
Total Project Cost: $345,000
*Funding excludes GST
Current Status:Test structure has been installed and monitoring has commenced.
Start: January 2018
End: December 2020
- Installation of test structure - Complete March 2018
- First visual inspection of test structure
- Second visual inspection of test structure