We specialise in the evaluation, development and operation of marginal offshore oil and gas fields.If capex and opex can be reduced, and opex maintained at design levels through-life, with all safety and environmental design criteria met, then many marginal fields may become economic and investable. When such fields reside in the D&P rather than E&P segment, they may become especially attractive because the investment to that time has removed considerable uncertainty and hence risk. These are the opportunities MFDevCo seeks.
We can reduce project development costs in many ways, standardising facilities and approaches, for example, Normally Unattended topsides to reduce manning levels, self-installing, redeployable structures to minimise subsea infrastructure and decommissioning costs, and non-recourse project finance solutions that reduce the capital at risk. We work closely with our Consortium members to develop, deliver and operate projects to deliver economic and investable developments.
| Company Details | |
|---|---|
| Company Name | MFDevCo |
| Business Category | Oil & Gas |
| Address | 5th floor Castlefield House Liverpool Road Manchester Lancashire United Kingdom ZIP: M3 4SB |
| President | NA |
| Year Established | 2013 |
| Employees | NA |
| Memberships | NA |
| Hours of Operation | NA |
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