Floating production systems
This paper explores the application of a modular, high-temperature gas-cooled nuclear reactor to a Very Large Crude Carrier-class floating production, storage, and offloading vessel.
After launching pre-salt production in Brazil, the ultradeepwater Tupi asset has become one of Petrobras’s most productive.
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
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Offshore workers kidnapped from an FPSO offshore Nigeria in an armed pirate attack in July have been released, the owner of the floating production unit said. -
The traditional subsea tieback model is evolving, supported by advances in flow assurance that allow tiebacks over much longer distances and by the introduction of new technologies that increase overall cost effectiveness.
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Vår Energi is looking to extract another 136 million BOE from the Balder Field. Production is anticipated in 2H 2022.
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In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins.
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The Búzios-5 production system is planned to include the interconnection of 15 wells to a floating production, storage, and offloading vessel in two phases.
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Awards are expected to recover to seven vessels next year. Over the past 10 years, only 2016 saw a lower level of activity when not a single FPSO contract was awarded.
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The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.
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Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
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The fire at the Terra Nova FPSO comes 6 months after C-NLOPB found Suncor noncompliant with regulatory requirements and suspended operations.
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FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
