Page 276 - Hydrocarbon Exploration and Production Second Edition
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Well Dynamic Behaviour                                                263


             3. A very high proportion of a subsea development cost is the flowlines, mani-
                folds and wells. These can all be phased over many years. This delay in
                CAPEX will have a beneficial effect on the present value (PV) of the
                project.





























































             Figure 10.32  Subsea horizontal tree (copyright D.Thomas, 2006).
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