Floating production systems
Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
FLNG vessels will handle gas from the Vaca Muerta formation when they go online in 2027 and 2028 offshore Argentina.
Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.
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This paper describes a split-process FLNG design where primary production and gas-treatment functions are provided on a host platform while liquefaction occurs on a separate vessel. -
Despite major advancements in deepwater projects in the Gulf of Mexico, FPSO usage has yet to increase.
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As it has since 1969, the world came to OTC to make critical decisions, share ideas, and develop business partnerships to meet global energy demands.
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This paper describes the CLOV deepwater megaproject in Block 17 offshore Angola, which cost USD 8.4 billion to first oil.
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Historically, the marine systems on a spar are relatively simple.
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Construction costs, contractor involvement, flow assurance, and the integration of new technologies created to improve production are some of the deepwater challenges exacerbated by the current low price environment.
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As many platforms begin to produce beyond their design life, maintenance of mooring systems becomes more critical. With redundancies in place, operators may be unaware of initial failures, which can have major consequences if another failure occurs.
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A routine maintenance project became more complicated when an ROV inspection exposed unexpected trenching that reduced the holding capacity of the system.
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Though the projects that have already been sanctioned will ensure that spending in the FPS sector will remain high over the forecast period, the growth in FPS market is significantly less than expected due to the collapse in oil prices, and installations in 2018 will decline.
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A deepwater field located offshore Sabah, east Malaysia, features a spar dry-tree unit (DTU) and multiple subsea-hub tiebacks to a floating production, storage, and offloading vessel (FPSO).
