LIFT: A vehicle for low life cycle costs

Pressure on costs continues to exert influence on subsea production systems markets, requiring consideration of life cycle costs (LCC) to be given greater prominence in the system selection process. ABB recognizes this and is active in the promotion of system concepts which can best contribute to clients' objectives, the LIFT concept being one such example. The appeal of LIFT is based on the results of systems analysis techniques, such as RAM (Reliability, Availability and Maintainability), which considers the interaction between component reliability, its impact on production availability, and how this can be optimized by considering the cost and impact of system maintenance in the overall assessment of LCC.