Floating production systems

BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.

As LNG projects sanctioned earlier this decade come onstream, a shortage of new final and pre-final investment decisions threatens to leave the project pipelines dry at a time when global LNG demand is forecast to surge over the next 15 years.

The Begonia and CLOV Phase 3 subsea tiebacks are each sending production to nearby FPSOs.

The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.

Shell became the first international company to operate producing fields offshore Brazil and the first to navigate the country’s complex and detailed decommissioning permitting process, which involved extensive environmental assessments, regulatory approvals, and coordinated stakeholder engagement.

Technical safety standards are essential as global offshore exploration heats up.

The field, which holds the first production license on the Norwegian Continental Shelf, sent oil to the Jotun FPSO on 23 June.

Less than 3 months after going onstream, the Barents Sea project, the northernmost production offshore Norway, is producing 220,000 B/D.

Spanish yard will prep the almost 40-year-old FPSO for redeployment opportunities for new owner.

Once labeled “undrillable,” Brazil’s heavy-oil Atlanta field in the Santos Basin faced technical, financial, and logistical challenges. But through a phased approach, clever reuse of assets, and disciplined project execution, Brava Energia transformed a risky deepwater asset into a producing field with 172 million BOE in 2P reserves.