Floating production systems
Project in US Gulf will add about 15,000 BOEPD to the deepwater Atlantis project at peak production.
Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030-2031.
First oil is expected from phase one of the project in 2028, with up to four more phases planned.
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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. -
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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