DeepStar selects Energy Valley for Value Engineering Energy Valley awarded contract to analyze Enabling/Enhancing Technologies for ultra deep water and then to develop a value-ranking process and compile the results. A summary of the results were published and presented at Offshore Technology conference. Please see attached pdf for more information. ABSTRACT The Offshore Industry is confronted with more complex ultra-deepwater developments, with water depth extending to 6,000 and even 10,000 feet. A large number of emerging technologies must be contemplated either to enable the feasibility or enhance the value of these high-cost / high-risk developments. The Systems Engineering Valuing effort (within DeepStar) was developed to consistently analyze the benefits of each technology, and compare them from an economic standpoint. The objective was to quantitatively measure the potential value of the enabling and enhancing technologies , in a manner such that future research and development efforts could be prioritized in a rational manner. The evaluation was conducted using full field economics, comparing the potential cost and risks in developing these technologies and the value when applying them to normalized base-case reservoirs. The key positive indicators measured were CAPEX, reservoir recovery, OPEX, and risks. The results were presented in two forms: 1) a ranking matrix, and 2) case specific charts, which showed the relative positioning of the analyzed technologies. According to this ranking, a higher potential economic impact than initially anticipated is found for technologies linked to subsea development, risers and drilling, including FPDSO’s. Additionally, the technologies linked to flow assurance and meteo-ocean risk mitigation were also highlighted, although their economic impact could not be quantified on a similar basis.