AME has the experience and capabilities to deliver fit-for-purpose Feasibility Studies and Front End Engineering Designs (FEED) for any offshore facility, in any combination of floating, fixed and submerged. Feasibility and FEED studies are used to establish the commercial, technical and regulatory requirements and viability for both green field and brown field developments and modifications.
Feasibilities can range in depth, content and outcomes to deliver concepts from very high level to bankable and normally provide the facts and a sound basis for further investment decisions to be made.
FEED provides for a reduced number of options, a greater level of accuracy in concepts, costs and schedules. Normally, a minimum amount of planning and design is carried out to establish budgets, schedules, long lead items, major equipment, any critical path items, cashflow and risk profiles. The level, depth, content and accuracy is determined by a number of factors but largely follow an established and predictable schedule and outcome.
Some projects due to complexity, risk and/or schedule utilise additional Pre-Feasibility and Pre-FEED stages to reduce risk, cost and options.
The skill set required to effectively and efficiently carry out feasibility studies and FEED can be very different to project management and detailed engineering. A strong balance between commercial and technical imperatives must be maintained whilst keeping the outcomes at an appropriate and high level.
Feasibility studies require a quick and thorough analysis of the major technical and commercial options surrounding a potential development, and its operating environment(s). Experience is essential in this area as options must be qualified and rated against risk, cost, schedule and life of asset. There are no short cuts to experience, as often in offshore environments the room for error is slim and high capital costs prohibitive.
Part of the successful execution of a project feasibility and/or FEED is establishing the terms of reference with our clients. AME uses clear and concise guidelines to establish as a starting point, the rules of investment and engagement to ensure there are no surprises, and the study results are within the expected range. Normally, a risk management based review of the study findings helps quickly establish suitable options and strategies.
AME and its partners experience in offshore environments allows some consideration to be given to innovation and CAPEX, schedule and OPEX saving alternatives, and it is often sometimes the case where innovation can lead to a project being feasible or not.
AME uses an extensive range of tools, techniques, databases and technology to quickly access up-to-date package, construction, material costs and delivery schedules to quickly establish feasibility studies and FEED. AME personnel are constantly at trade events, construction facilities, fabrication yards and suppliers to ensure up to date information is always at hand.
Contact AME for all your offshore feasibility and FEED requirements.