The world is changing at an ever-increasing pace, and more and more of the changes are driven by technology. Benefits from new technology can include higher revenues, lower CAPEX, reduced OPEX and/or improved SHE performance. DNV helps its clients analyse the potential associated with implementing new technology before making significant investments. We design processes to manage key uncertainties cost-effectively during the implementation. We also work closely with clients to improve production capacities and system regularity in the operations phase.

Purpose

To maximise production from your new and existing plants with world-leading optimisation strategies.

Benefits

Through our advanced product optimisation support, we provide our clients with:

• An accurate forecast of future cash flows and associated risks
• Cost savings by avoiding unnecessary attention to areas that are non-critical, and improved focus on areas of higher value
• Discovery of enhancement opportunities during the conceptual and design phase, rather than later in the project’s life-cycle, when the cost of change is considerably higher
• Systematic identification of key technological risks for a specific concept, and setting of priorities for further technology development, qualification and testing (to reduce and manage these risks)
• Improved insight into technical and managerial issues that may cause critical failures and production losses
• A road map on how to improve production capacities and production availability based on risk and cost-benefit assessments.
  

Our approach

Starting a project will influence the company’s overall cash flow today, and in the future. DNV analyses how a proposed investment will affect cash flow and decide whether the project adds value to the company. Our approach builds on traditional discounted cash flow (DCF) analysis. Until recently, it was common practice to focus on optimising the balance between potential revenue, capital expenditures (CAPEX) and operational expenditures (OPEX) without including unplanned downtime – a risk that can limit revenues for a long time. This third element of the ‘economical balance’ is denoted RISKEX, for RISK EXpenditures.

DNV offers strong modelling capabilities. Flow assurance modelling and Monte Carlo simulation is combined to optimise throughput and production regularity. Models are used to develop solutions and identify the best investment decisions for operating assets. Combined with failure data analysis and root cause analysis, we can develop improvement programs to increase production uptime and revenues.

Important parameters include:

• Production capacity profiles
• Demand profiles and product prices
• Physical asset layout and design
• Equipment reliability performance
• Maintenance and repair activities including spare part strategies
• Operation and mobilisation activities.

Large capital investments for new technology ventures are typically offset by high future revenue streams. We help our clients select optimal solutions and make appropriate decisions regarding the application and qualification of new technology for their projects.