An operator, instead of building a new floating production storage and offloading (FPSO) unit, was looking to move a vessel from a location outside of the European Union (EU) to a new field within the EU, at a location in the North Sea. This meant that the vessel would need to comply with necessary legislation.
DNV created a risk map to identify which systems would need to be modified or changed prior to moving the FPSO, so that it would be compliant to UK legislation and EU directives.
Outcome and benefits
Based on the assessment, the operator could estimate the cost of modifying the asset to make it compliant and evaluate whether the project would be economical at the new field. This solution allowed the operator evaluating a relocation to reduce capex.