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Socio-Economic Arguments for a Common Development of Draupne and Luno
GlobalData, April 2011, Pages: 9
Socio-Economic Arguments for a Common Development of Draupne and Luno
Summary
The operators of Draupne and Luno are evaluating whether to develop these fields independently or as a part of common development. A common (joint) development would mean that there will be sharing of costs as well as infrastructure which consequently reduces and paves the way for a better management of risk for the companies in the form of reduced operating and other costs. It would also ensure a better management of the post production activities that include abandoning and decommissioning. A common development might also lead to a reduced capital expenditure in the form of platforms, production and processing facilities and export pipelines. It would also mean lesser impact on the flora and fauna as the number of infrastructures will be less. A smaller area in the sea will be utilized thus causing a reduced disturbance to the eco-system.
Scope
- Throws light on the development aspects of Draupne and Luno fileds
- Provides information on the arguments in favor of common development and also helps oil and gas operators to keep abreast of the pros and cons of independent and combined development of fields.
Reasons to buy
- Keep yourself updated about the Luno and Draupne fields
- Develop sound understanding of cases of independent and combined development of the fields.
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