Wood Mackenzie comments on Shell's decision to develop PowerNap deepwater project
The decision reflects a broader trend of majors embracing subsea tie-backs that offer quicker paths to first oil and attractive returns, according to Wood Mackenzie.
The decision reflects a broader trend of majors embracing subsea tie-backs that offer quicker paths to first oil and attractive returns, according to Wood Mackenzie.
The system alleviates the impact of modern, large blowout preventers (BOPs) on legacy wellheads by arresting the motion of the BOP stack via four tethers, which are anchored to the seabed.
The DAV MX™ CircSub was deployed in order to avoid the cost of a dedicated jetting assembly run.
The joint venture, InVision Offshore, Inc., will be based in Houston, Texas, US.