Life Extension Methodology for Floating Production Units

This guide outlines the life extension methodology for floating production units (FPUs) to ensure their continued service beyond the original design life. It describes the importance of evaluating the operational viability of aging units, which may still be economically productive due to factors such as re-evaluated life expectancy of reservoirs or advancements in recovery technologies. The document details a staged approach to assess the suitability of FPUs for continued operation, emphasizing the need for compliance with industry standards. The process includes an investigation phase to establish current conditions, followed by a determination phase to define mitigation strategies and corrective actions, and finally, an implementation phase for verifying these measures. The guide also highlights the role of ABS as a pioneer in life extension processes, providing comprehensive guidance and support to asset owners and operators, ensuring they can mitigate risks effectively while maintaining productivity.