Total production units are site specific
units with a limited design life. If the
reservoir life exceeds the unit's life,
or there are new discoveries in the
vicinity of the next 16 units and the
operator wants to use the surplus
capacity, or there are new technology
that enables a higher oil recovery rate,
the continuous source of the existing
unit becomes financially attractive. In
this case, operators needs to go through
a life extension process to ensure that
the units capable of safely operating
beyond the design life. There are many
advantages of working with ABS on the
life extension process. One of them is we
have extensive experience with floating
production units. As a matter of fact, we
have the largest fleet of class of
floating production units in the
world. We are also the pioneers of life
extension processes for ship and offshore assets.
We issued the first guidance
notes in the industry dealing with life
extension, and it can also offer
regulatory support and approvals on life
extension request with the regulatory
agencies and flag states.
 
