Floating production systems
As a champion of floating natural gas liquefaction technology, Eni is positioning itself to play a major role in Africa with a fast-growing gas-liquefaction capacity targeted to reach 14 million tonnes per year by 2028.
The Japanese company ratcheted up the competitive nature of contracting for a floating production, storage, and offloading vessel and an onshore liquefied natural gas plant for the Abadi project by announcing dual front-end engineering design (FEED) contracts.
Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD.
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The large number of floating production, storage, and offloading units (FPSOs) commissioned more than a decade ago now require offshore-asset-integrity management and maintenance.
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The development of compact topside processing plants for floating, production, storage and offloading (FPSO) vessels is a growing industry trend that can reduce operating and capital expenditures over the life of the vessel, a researcher and scientist said recently.
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Conversion of very large crude carriers to FPSO's can speed time to first oil under the right conditions, there are many considerations in the planning and execution of these conversions.
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Offshore engineering companies are taking existing technologies and lessons learned from floating rigs to create a new platform design that will allow drilling in deeper waters.
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The new Olympus tension leg platform (TLP) is the largest in the US Gulf of Mexico, with more than twice the displacement of the neighboring Mars TLP. It marks a leap forward in safety, improved operation time, and increased production capacity.
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Expenditures for floating production systems are expected to more than double in the next five years. This growth is driven by multiple factors.
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Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.
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