Level: Basic
TCM Section(s):
7.6. Risk Management
Venue: 2023 AACE International Conference & Expo
Abstract: The purpose of this presentation is to present a case study about a quantitative schedule risk analysis applied to revitalization projects focused on early stages, in the Petrobras Exploration & Production Area. A revitalization project, in Petrobras, is defined by the deployment of a new floating production system in replacement of one or more existing production systems, partially reusing subsea equipment and wells.
These kinds of megaprojects, especially in FEL 2, present some unusual challenges: even though more mature reservoir information is available compared to a greenfield project, there are a lot of wells (25 to 80) involved and some technical alternatives available to apply. In this stage at Petrobras, it is required to run quantitative schedule risk analysis in two separate times: (1) to support the procurement strategy and (2) to get a predictability schedule at the decision gate of the conceptual design.
The authors want to share these findings, the internal process, and issues to achieve the outcomes.
TCM Section(s):
7.6. Risk Management
Venue: 2023 AACE International Conference & Expo
Abstract: The purpose of this presentation is to present a case study about a quantitative schedule risk analysis applied to revitalization projects focused on early stages, in the Petrobras Exploration & Production Area. A revitalization project, in Petrobras, is defined by the deployment of a new floating production system in replacement of one or more existing production systems, partially reusing subsea equipment and wells.
These kinds of megaprojects, especially in FEL 2, present some unusual challenges: even though more mature reservoir information is available compared to a greenfield project, there are a lot of wells (25 to 80) involved and some technical alternatives available to apply. In this stage at Petrobras, it is required to run quantitative schedule risk analysis in two separate times: (1) to support the procurement strategy and (2) to get a predictability schedule at the decision gate of the conceptual design.
The authors want to share these findings, the internal process, and issues to achieve the outcomes.