Development of downtime cost calculator for offloading operations influenced by parametric rolling

The stability of FPSO or offloading shuttle tanker may be affected in wave conditions which excite parametric rolling. The offloading operations are thereby ceased and eventually leads to loss in production which affects the revenue of global production, better known as downtime cost. This paper dis...

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Main Authors: Patel, M.S., Liew, M.S., Mustaffa, Z., Yee, N.C., Whyte, A.
Format: Article
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.23189 /
Published: MDPI AG 2020
Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079750030&doi=10.3390%2fJMSE8010007&partnerID=40&md5=58f6e1bf9d3f80843a06cdb2a8ab62cc
http://eprints.utp.edu.my/23189/
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spelling utp-eprints.231892021-08-19T06:09:45Z Development of downtime cost calculator for offloading operations influenced by parametric rolling Patel, M.S. Liew, M.S. Mustaffa, Z. Yee, N.C. Whyte, A. The stability of FPSO or offloading shuttle tanker may be affected in wave conditions which excite parametric rolling. The offloading operations are thereby ceased and eventually leads to loss in production which affects the revenue of global production, better known as downtime cost. This paper discusses downtime cost analysis of offloading operations due to parametric rolling of shuttle tanker under regular waves in Malaysian waters for three different locations. The downtime due to parametric rolling is investigated for two different water depths for which the probability of occurrence was calculated from the location specific wave scatter diagram. The results of parametric rolling of shuttle tanker along with downtime cost charts are presented. Additionally, a Graphical User Interface (GUI) was developed and its work procedure is demonstrated in this paper. The down-time cost calculator will help the oil operator companies to analyze the economic risks involved for field developments and anticipate the loss in revenue for downtime occurrences. The developed GUI was copyrighted under literary work as intellectual property. © 2019 by the authors. MDPI AG 2020 Article NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079750030&doi=10.3390%2fJMSE8010007&partnerID=40&md5=58f6e1bf9d3f80843a06cdb2a8ab62cc Patel, M.S. and Liew, M.S. and Mustaffa, Z. and Yee, N.C. and Whyte, A. (2020) Development of downtime cost calculator for offloading operations influenced by parametric rolling. Journal of Marine Science and Engineering, 8 (1). http://eprints.utp.edu.my/23189/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
description The stability of FPSO or offloading shuttle tanker may be affected in wave conditions which excite parametric rolling. The offloading operations are thereby ceased and eventually leads to loss in production which affects the revenue of global production, better known as downtime cost. This paper discusses downtime cost analysis of offloading operations due to parametric rolling of shuttle tanker under regular waves in Malaysian waters for three different locations. The downtime due to parametric rolling is investigated for two different water depths for which the probability of occurrence was calculated from the location specific wave scatter diagram. The results of parametric rolling of shuttle tanker along with downtime cost charts are presented. Additionally, a Graphical User Interface (GUI) was developed and its work procedure is demonstrated in this paper. The down-time cost calculator will help the oil operator companies to analyze the economic risks involved for field developments and anticipate the loss in revenue for downtime occurrences. The developed GUI was copyrighted under literary work as intellectual property. © 2019 by the authors.
format Article
author Patel, M.S.
Liew, M.S.
Mustaffa, Z.
Yee, N.C.
Whyte, A.
spellingShingle Patel, M.S.
Liew, M.S.
Mustaffa, Z.
Yee, N.C.
Whyte, A.
Development of downtime cost calculator for offloading operations influenced by parametric rolling
author_sort Patel, M.S.
title Development of downtime cost calculator for offloading operations influenced by parametric rolling
title_short Development of downtime cost calculator for offloading operations influenced by parametric rolling
title_full Development of downtime cost calculator for offloading operations influenced by parametric rolling
title_fullStr Development of downtime cost calculator for offloading operations influenced by parametric rolling
title_full_unstemmed Development of downtime cost calculator for offloading operations influenced by parametric rolling
title_sort development of downtime cost calculator for offloading operations influenced by parametric rolling
publisher MDPI AG
publishDate 2020
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079750030&doi=10.3390%2fJMSE8010007&partnerID=40&md5=58f6e1bf9d3f80843a06cdb2a8ab62cc
http://eprints.utp.edu.my/23189/
_version_ 1741196635699937280
score 11.62408

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