Floating production systems
Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.
Despite a 2.8% drop in liquefied natural gas exports in 2025 because of lost market share in China, Australia anticipates a 2026 rebound as new North West Shelf capacity comes online. Meanwhile, East Coast operators brace for a tsunami of wells entering the decommissioning pipeline and potential energy shortfalls necessitating LNG imports.
Woodside’s $12-billion gas project offshore Western Australia is expected to produce up to 8 mtpa once it’s complete.
-
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. -
This paper compares the main features of the Schiehallion and Quad 204 TMSs, reporting the performance of key components over 15 years of operation.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Expenditures for floating production systems are expected to more than double in the next five years. This growth is driven by multiple factors.
-
Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.
