Floating production systems
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.
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First oil from the 120,000-B/D Liza Destiny FPSO is flowing ahead of schedule. -
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.
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The new platform will be installed in the Peregrino Phase 2 development in the Campos Basin, approximately 85 km offshore Brazil, sometime in December. It is expected to come on stream in late 2020.
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P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.
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The company used a maintenance optimization plan from Lloyd's Register for the centrifugal pumps and fire and gas detectors on a floating production, storage, and offloading vessel in the Norwegian Sea.
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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.
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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.
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SBM Offshore began construction on the vessel following ExxonMobil’s sanction of the Liza Phase 2 development offshore Guyana in May. It is designed to produce 220,000 BOPD after it starts up in 2022.
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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.
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One of the largest deepwater gas discoveries of the past decade moves closer to its expected startup at the end of the year, as 24,500 tonnes of topside units have been installed on the Leviathan platform offshore Israel. Operator Noble Energy expects to produce up to 1.2 Bcf/D from 4 subsea wells.
