Page 20 - Hydrocarbon Exploration and Production Second Edition
P. 20
The Field Life Cycle 7
as platforms cannot be removed in a piecemeal fashion. The way in which provision
is made for such costs depends partly on the size of the company involved and on the
prevailing tax rules.
Usually a company will have a portfolio of assets which are at different stages of
the described life cycle. Proper management of the asset base will allow optimisation
of financial, technical and human resources.
