This project enveloped the other parts of the OFFshore ITRH and applied engineering statistics and modern data analytics to enhance facility whole life performance. The project was initially tailored to support mooring integrity management and vessel motion forecasting due to concerns over the relatively high rates of failure. A life cycle reliability approach was being explored for FLNG and FPSO moorings taking advantage of recent advances in data analytics that have already been applied to other industries. This includes the use of field data to design and train tools that drive operability-related decision-making, and asset condition assessment through intelligent analysis of field data. This project used input field data provided by the Hub Partners, including environmental and vessel motion data from existing floating systems. The original aim of this project was to establish the use data analytics, combined with the engineering models from Projects 1-4, to improve operability and longevity/condition assessments for floating facilities. Small increases in annual operability give proportionate increases in production which potentially yield huge project economic gains.
You can read about the key outcomes from Project Five in the OFFshore ITRH Research Compendium.