Smart subsea strategies avoid obsolete equipment risks
Posted: August 30, 2019
As the industry has steadily risen from the nadir of the downturn in 2016, the “lower for longer” philosophy around oil prices is still very much on the boardroom table when it comes to corporate strategy. It is surely counter-intuitive for an operator to seek to extend the life of assets and ramp up efficiencies when it is missing a big trick regarding resolving the issue of obsolete control systems.
In July’s Offshore Engineer, Proserv’s Iain Smith, president subsea controls, discusses the need for operators to consider coexistence rather than replacement in order to address issues of obsolete subsea control systems.
This article was published in Offshore Engineer, Volume 44, No. 4, July/August 2019 and kindly replicated here with their permission.