Floating production systems
Project in US Gulf will add about 15,000 BOEPD to the deepwater Atlantis project at peak production.
Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030-2031.
First oil is expected from phase one of the project in 2028, with up to four more phases planned.
-
The methodology has proven to be a powerful and effective tool for major-risk management. This paper describes how this technique has been used for the management of major risks associated with production at Total’s Akpo floating production, storage, and offloading facility. -
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.
-
A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
-
BW Offshore plans to float its exploration and production unit BW Energy through an initial public offering in the first quarter of 2020.
-
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.
-
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.
-
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.
-
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.
-
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.
