TerraWaves Uptime Demo

Transcript

In this video I will demonstrate a simple uptime calculator using TerraWaves. The calculator estimates monthly uptime using historical weather from a 24 year database.

The histogram displays uptime in days, over a 12 month period.

You can interactively determine the uptime associated with any set of weather limits. In this simple demo, the user can set the Significant Wave Height, 10 metre Wind Speed and Peak Period.

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Extreme Values - Part I

Arnold Doray

The concept of extreme values can be confusing even to the experienced engineer.

Much of this head scratching involves:
  1. How extreme values should be interpreted in decision making,
  2. How to objectively assess competing estimates of extreme values and
  3. How extreme values relate to well-understood concepts like exceedances.

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Cost is King

Arnold Doray

In these hard times, companies are looking to cut cost. This is always a wise and prudent goal. This article examines some practical ways to lower the cost of your weather services.

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Little Known Facts about the Weather Business

Arnold Doray

In Part I we worked out a cost-based benchmark for forecast services. This helped us see that forecast accuracy is the overriding factor to consider if your offshore operations are high value, or cost a lot to repair or (de)mobilize.

In the second part of this series, we will reveal some hidden facts about the weather business and how these directly impact your weather forecast service's accuracy.

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11 Secrets of Successful Offshore Operators

Arnold Doray

In Part I we worked out a cost-based benchmark for forecast services. This helped us see that forecast accuracy is the overriding factor to consider if your offshore operations are high value, or cost a lot to repair or (de)mobilize.

In the second part of this series, we reviewed some hidden facts about the weather business and how these directly impact your weather service's accuracy.

In this final installment, we will examine 11 secrets of savvy offshore operators.

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Quantifying Weather-Related Risk in the Development of Offshore Oil & Gas Fields (Part I)

Arnold Doray

Cost management is a key factor to the successful exploitation of offshore assets. The ideal is to minimize project costs while also lowering the associated risk. Unfortunately, in most realistic scenarios it is challenging to do both; instead, the goal is to strike the right balance between risk and cost.

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