Floating production systems
The platform brings the field’s installed production capacity to 1.5 million BOPD.
The project in the US Gulf is expected to 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.
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Contactor will provide EPCI work related to the subsea portion of the 20K Gulf of Mexico development. -
The field's massive FPSO is anchored in place and on schedule for first oil prior to year-end.
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As Hurricane Francine bore down on the central Louisiana coast, production in the Gulf of Mexico took a hit.
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The updated plan seeks to avert termination of the PSA by raising total investment and constructing a floating production unit at Aphrodite plus an export pipeline to Egypt.
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Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.
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The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region.
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Phase 2 of the fast-track project expected to quadruple output to 60,000 BOPD by year-end.
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Both new and old vessels are benefiting from automation processes that can improve operational efficiency, predict downtime, and debottleneck workflows using a flurry of crucial data points.
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A newbuild Fast4Ward hull will be used as part of the Block 58 development set for FID prior to year-end.
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The deepwater Gulf of Mexico project in the Paleogene will require a 20K-psi production semisubmersible.
