Floating production systems
Argentina’s President Javier Milei met with TotalEnergies CEO Patrick Pouyanné and Eni CEO Claudio Descalzi in Paris to discuss Argentina’s energy sector, including projects linked to the Vaca Muerta shale formation and the development of the Argentina LNG export project.
With confidence in subsea boosting performance growing, BP is incorporating pumping systems into both greenfield developments and brownfield expansions.
Shell has demonstrated drone-in-a-box operations from its Mars floating production unit, becoming the first operator in the region to secure FAA approval for self-approved offshore beyond-visual-line-of-sight flights. JPT Senior Technology Editor Jennifer Pallanich visited Shell Technology Center Houston to see the system in action.
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Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned. -
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.
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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.
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A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
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BW Offshore plans to float its exploration and production unit BW Energy through an initial public offering in the first quarter of 2020.
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First oil from the 120,000-B/D Liza Destiny FPSO is flowing ahead of schedule.
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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.
