The current downturn of the oil and gas industry force managers to take hard decisions about the continuity of projects, resulting in delays, postponements, or even their cancellation. In order to keep with them, the rush for cost reduction is a reality and the industry is pushing the involved parties to be aligned with this objective. The Brazilian presalt region, characterized by ultra-deep waters, faces this scenario where flexible risers in lazy-wave configurations are usually adopted as a solution to safe transfer fluids from sea bed until the floating unit. The smaller the buoyancy length, the cheaper the project becomes, reducing the necessary amount of buoys and the time spent for its installation. This paper investigates the possibility of buoyancy length reduction of lazy-wave configurations by using structural reliability methods on fatigue failure mode. The application of the fatigue reliability approach considers four 6 in flexible riser configurations: an original lazy-wave, a lazy-wave with less 30% of buoyancy length, another one with less 50% of buoyancy length and a free-hanging. Failure probabilities and safety factor calibration curves are shown for each configuration and compared among themselves. The results indicate the possibility of defining a lazy-wave configuration with smaller buoyancy lengths, reaching 75% of reduction without changing the preconized high safety class. Structural reliability analysis is available to help engineers understand the driving random variables of the problem, supporting the actual scenario of cost reduction for better decision-making based on quantified risk.

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