When offshore assets become mature, they are often transferred to a new operator with lifecycle extension capabilities. However, the transition process brings many challenges.

The challenge

Research shows only 20% of asset transitions are executed successfully, meaning they maintain or improve production levels throughout the transfer phase, while 20% stagnated and over 60% declined.

Integrity conditions and regulatory compliance are barriers to overcome to ensure mature field operations.

The solution

Integrity conditions can be successfully managed with a proper transition plan.

As oil and gas assets are divested in Brazil, and new operators or national oil companies acquire the rights, the transition between operators is critical. We will explore case studies, share our lessons learned, and outline the critical path to help ensure safe operational efficiency and optimisation during asset transition.