Offshore Industry More Resilient Than Shale Amid COVID-19 Impact
Because offshore project lead times are longer than in shale, production is likely to come on line in 2–5 years when oil prices may be higher. But the number of FPSOs to be sanctioned this year may be cut by half.
Liza Destiny FPSO
A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
BW Offshore To Spin Off Its E&P Business BW Energy
BW Offshore plans to float its exploration and production unit BW Energy through an initial public offering in the first quarter of 2020.
Santos Plans FPSO, Wellhead Platform for Dorado
The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development.
ALE Crane Expedites P-74 FPSO Lifts in Brazil
The company performed the heavy lifting and installation of 40 modules, including a 3,000-t module that it said was the largest commercial lift by a land-based crane.
ConocoPhillips Awards MODEC Contract To Supply Barossa Field FPSO Offshore Australia
The FPSO, MODEC's largest size of "gas FPSO" to date, will be the first application of the contractor’s M350 Hull, a next-generation newbuilt hull for FPSOs.
SBM Offshore Completes Financing of Liza Unity FPSO
As construction continues, SBM Offshore secured the $1.14 billion needed to finance work on the vessel. Liza Unity is scheduled for deployment at ExxonMobil's Liza Phase 2 development offshore Guyana.
Yinson Loses $1-Billion FPSO Charter for Vietnam Project
Amidst a conflict between Vietnam and China over the South China Sea, the Malaysian company’s 10-year deal to supply an FPSO for the Ca Rong Do offshore field is now history. Repsol, the operator of Ca Rong Do, suspended the project last year in the wake of government pressure.
Kvaerner Eyes Boost in FPSO Construction Contracts
As part of a plan to increase revenue to more than $1 billion by 2023, the engineering and construction company is moving away from large offshore platforms with fixed substructures, saying that it expects to win and execute a series of FPSO projects in the future.
Managing Fatigue To Reduce Risk and Improve Work Culture
Companies in the petroleum industry, from exploration and production, to transportation, refining, and distribution, operate around the clock. This paper intends to raise awareness on the impact of fatigue in the petroleum industry and recommend a framework for fatigue risk management.
FPSO Market Set To Rebound Over Next Three Years
A report from Rystad Energy shows a near-term boost in the global floating production market, with more than 30 new FPSO projects possibly reaching sanction from 2019 to 2021.
RDS and Kavin Engineering Form Alliance To Design and Engineer Upstream and Midstream Projects
RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.
New Regulations To Fast-Track Brazil FPSO Deployment, Boost Presalt Oil Production
New local content regulations could speed up the pace of presalt oil production by more than 21 billion bbl by the mid-2020s. Karoon and Parnaíba Gás Natural are the first companies to apply to change their contract terms. Petrobras, Shell, BP, ExxonMobil, Petrogal, and Anadarko are also interested.
The Unexpected Challenges in an FPSO Mooring Project
A routine maintenance project became more complicated when an ROV inspection exposed unexpected trenching that reduced the holding capacity of the system.
Espirito Santo: Design and Operational Experience of the Use of Steel Risers on a Turret-Moored FPSO
The floating production, storage, and offloading (FPSO) facility Espirito Santo, located offshore Brazil in the Parque das Conchas (BC-10) field, is the world’s first turret-moored FPSO facility to use steel risers for fluid transfer.
PF&C Summer Lecture Series Focuses on Floating Production Systems
The SPE Gulf Coast Section’s Project, Facilities, and Construction study group is hosting a series of lectures, “What Have We Learned About Host Selection in Deepwater GOM After 20 Years of Being Off the Shelf?
GTL FPSO—An Alternative Solution to Offshore Stranded Gas
Roughly one-half of global gas reserves are considered stranded gas--uneconomical because of the remote location of potential markets, lack of economic transportation and infrastructure, or the lack of conversion technology. An FPSO with gas to liquids conversion is an option for stranded gas.
Debottlenecking Existing Offshore Production Facilities To Safely Extend Their Operation Capacities
Good early production caused an FPSO to reach the design topside limit with only five wells connected. A study was undertaken to determine how bottlenecks could be reduced to allow greater production without compromising process safety.
Topside Processing Plants Go Compact on FPSOs
The development of compact topside processing plants for floating, production, storage and offloading (FPSO) vessels is a growing industry trend that can reduce operating and capital expenditures over the life of the vessel, a researcher and scientist said recently.
Tanker Conversions to FPSO Design and Integrity Management -Challenges
Conversion of very large crude carriers to FPSO's can speed time to first oil under the right conditions, there are many considerations in the planning and execution of these conversions.
Floating Production Expenditure Set to Double by 2017
Expenditures for floating production systems are expected to more than double in the next five years. This growth is driven by multiple factors.
Shell Brazil Project Wins Honor
Shell’s Parque das Conchas project, an ultradeepwater heavy-oil development in the northern Campos basin offshore Brazil, has won the IPTC Excellence in Project Integration Award. The award recognizes significant and unique achievements in managing and directing a project from discovery to delivery.
Floating Production to See USD 68 Billion Investment
Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.
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01 April 2020
24 March 2020