The first phase of the project established new proposed international standards for offshore oil and gas projects while addressing items for structures, piping, and E&I.

As part of the second phase, the DNV GL-led team will further develop the proposed standards, known as Offshore Standard Specifications (IOSS), and test its application.

The second phase will extend the scope to include equipment packages, documentation requirements, and procedures.

DNV GL – Oil & Gas region Americas executive vice-president Peter Bjerager said: "In the current climate of low oil prices it is often difficult to sanction projects.

"These new standards will contribute to lowering the cost of projects and ensuring that work moves forward. Phase one provided promising results that if successfully applied will push forward projects that may otherwise be put on hold."

In March, DNV GL and industry partners including Petrobras, Shell, Statoil and Woodside announced the start of JIP to standardize subsea processing systems.

The DNV GL-JIP ‘Subsea processing-Standardization of subsea pumping’ aims to assess the potential for standardization in subsea processing, beginning with subsea pumping.

DNV GL – Oil & Gas offshore risk advisory – Korea group leader Petter Ellingsen said: "Our ambition is to establish a standard for oil and gas projects that builds on a well-established approach for classification.

"Industry estimates for potential cost savings on construction of installations range well into double-figure percentages."

Image: The DNV GL-led joint industry project (JIP) aims to develop best practices for standardized offshore components and equipment. Photo: courtesy of DNV GL.