Floating production systems
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.
The Coral Norte FLNG is to be the mirror image of the Coral Sul unit, which shipped its first cargo in 2022 after it was put into service in Area 4 offshore Mozambique.
The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.
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Vår Energi is looking to extract another 136 million BOE from the Balder Field. Production is anticipated in 2H 2022. -
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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Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
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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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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.
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The complete paper describes the overall project execution of the Aasta Hansteen field development on the Norwegian Continental Shelf (NCS) north of the Arctic Circle. It is the deepest field yet developed on the NCS in 1300 m of water.
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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.
