Offshore engineering consultancy Intecsea has launched a new range of floater concepts that it claims could slash offshore field development costs by up to $1.2 billion per project.
The offshoot of Australian contractor WorleyParsons said the low-motion (LM) floater designs could be particularly transformative for ultra-deepwater, harsh environment and remote field development projects.
The suite of design concepts includes LM-FPSO (covering floating production, storage and offloading units, LM-FLNG (the floating liquefied natural gas market) and LM-SEMI (for semi-submersible units).
