Floating production systems
The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
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The market for floating production systems is growing rapidly, with spending from 2014-2018 expected to increase more than 100% from the prior 5-year period. Factors such as increased local content contribute to growing expenditures. -
Roughly one-half of global gas reserves are considered stranded gas--uneconomical because of the remote location of potential markets, lack of economic transportation and infrastructure, or the lack of conversion technology. An FPSO with gas to liquids conversion is an option for stranded gas.
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Good early production caused an FPSO to reach the design topside limit with only five wells connected. A study was undertaken to determine how bottlenecks could be reduced to allow greater production without compromising process safety.
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Deepwater field developments are regarded as standard technology in several areas of the world, but in harsher environments, extreme design loads and increased fatigue loading become more challenging.
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This paper compares the main features of the Schiehallion and Quad 204 TMSs, reporting the performance of key components over 15 years of operation.
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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.
