Floating production systems
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.
In the wake of the falling number of exploratory wells in the country, Brazil-owned Petrobras addressed audience concerns as well as outlined new avenues for production at the Offshore Technology Conference.
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CEO John Hess said the Whiptail discovery could form the basis for a future oil development in the southeast area of the Stabroek Block. -
US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.
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The field's partners, led by operator Suncor, agree to restructure the offshore project ownership to give a boost to plans for life extension.
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The Canadian pipeline operator will also operate the proposed floating LNG project with a planned startup slated for 2027.
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The paper examines the potential for larger and more-complex facilities to be converted to a mostly unattended status.
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A new report claims as many as 30 units could become available for new work by the end of next year.
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Rigs will be converted from drilling units to take the place of traditional floating LNG solutions.
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Expressions of interest released by the operator include everything from abandonment to life extension.
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A newbuild hull has been selected for facilities buildout.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
