The ECITB’s Project Collaboration Toolkit has been praised as “an extremely valuable resource”, helping to reduce risk and driving value by the developers behind a major subsea project.
Buzzard Phase II has developed new reserves and brought new production in an area around 62 miles north-east of Aberdeen. Delivered by an ‘Alliance’ led by CNOOC together with its supply chain partners AGR, Baker Hughes/GE, COSL, Subsea 7 and Worley, the ECITB’s toolkit was used to help create an integrated, collaborative and outcome-focused approach to project delivery.
The project targeted first oil in 2020 but was impacted by the COVID-19 pandemic and the Forties Pipeline System shutdown, which was deferred into 2021. By working collaboratively using guidance from the toolkit, the Alliance revised their project schedule, and were able to minimise the impact of delays and costs associated with the pandemic. Analysis of the project, just published by the Alliance and the ECITB, finds this new approach saw work completed ahead of the revised schedule and brought appreciable cost savings of between five and ten percent compared to the traditional model of contracting.