FPSO – Featured News

New Fresh Water Generators for Pionerio de Libra FPSO

Dutch water treatment specialist Hatenboer-Water has supplied three fresh water generators for the Pioneiro de Libra oil production vessel built by Jurong Shipyard Pte Ltd. The order consists of three reverse osmosis type fresh water generators. Two of the generators are topside installations in heavy duty box frames suitable for a hazardous Ex Zone 2 area. The Pioneiro de Libra is operated by OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore. The reverse osmosis (RO) units desalinate seawater for different applications on board. Two of the generators are installed topside and produce 480 m³ dilution water for the oil separation and stabilisation process. The third water maker is installed in the hull of the FPSO. This particular two...

DEVELOPMENT OF 150TON GRADE WINCH FOR FLOATING CRANE

DEVELOPMENT OF 150TON GRADE WINCH FOR FLOATING CRANE COMPANY : EK HEAVY INDUSTRIES

Chevron Cancels $1.8 Billion FPSO Order at Hyundai Heavy Industries

South Korean shipbuilder Hyunday Heavy Industries confirmed Wednesday that Chevron has cancelled a $1.8 billion (2.1 trillion won) order for a floating production storage offloading (FPSO) destined for Chevron’s Rosebank project in the UK North Sea. “As the process to build the offshore plant has not begun due to delays in Chevron’s final investment decisions, the company won’t suffer any losses from the order cancelation,” an HHI spokesman told Yonhap News. The FPSO would have been permanently moored at the Chevron-operated oil and gas field, located about 80 miles northwest of the Shetland Islands in water depths of approximately 3,600 feet. Hyundai Heavy Industries should have had some indication the contract termination was coming Chevron in late 2015 determined that proven reserves at...

Samsung Heavy Cancels $776.8 mln LNG FPSO Order

South Korean shipbuilder Samsung Heavy Industries (010140.KS) (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefied natural gas (LNGLF) (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an unnamed European buyer back in January 2009. The South Korean shipbuilder said in a regulatory filing that the order, which came from an unspecified European firm, was cancelled as the firm did not issue a work order by a deadline agreed upon. Under the initial contract signed in January 2009, the floating production, storage and offloading (FPSO) unit was planned to have an annual production capacity of 2.5 million tons and a storage capacity of 210,000-cbm of LNG. The LNG-FPSO was initially expected to produce LNG from...

Floating production market shows signs of recovery

While only a few floating production systems have been ordered this year, Energy Maritime Associates (EMA) says it expects the market to improve next year. In its “4Q 2016 Floating Production Systems Report,” EMA reviewed the market for floating production systems, including FPSOs, FLNGs, FSRUs, TLPs, spars, semis, FSOs, and MOPUs. In 3Q 2016, two more FSRU contracts were awarded, bringing the total this year to four units – all FSRUs. Three of these awards were for speculative newbuild units, while the other was deployment of the LNG regas vessel Excelerate for FSRU service in Abu Dhabi. Chevron awarded a $230-million contract to MISC to convert an FSO to replace the Benchamas Explorer, which has been operating in Thailand since 1999. In addition, three units were delivered: one sem...

Lundin terminates M3nergy FPSO deal

Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal was inked in 22 January with the M3nergy Berhad subsidiary. Meanwhile, at the Bertam field on Block PM307, production is ahead of its forecast at 8600 boe/d, according to Lundin’s Q2 report. The Bertam field has been producing from 11 wells as of mid-October 2015 with one additional well, the A15 well, commencing production in June 2016. The A15 well results were better than prognosed with production being constrained by facilities limitations. Overall field performance is better than prognosed due to better than expected reservoir performance and this outpe...

Oil production starts at third FPSO unit off the shore of Brazil

In July, a third floating production, storage, and offloading (FPSO) unit deployed by NYK for the BM-S-11 consortium through a joint venture company started oil production in a pre-salt area off Brazil, the company said in its press release. This FPSO unit, FPSO Cidade de Saquarema, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK and theMitsubishi Corporation (51.28 percent; head office: Tokyo; president & CEO: Takehiko Kakiuchi). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FPSO. NYK will aim to further advance its expertise in the FPSO business by dispatching technical staff to this project as well as FPSO ...

OneSubsea nets $300mn EPC contract with Woodside

OneSubsea said it has won an engineering, procurement and construction contract worth $300million from Woodside Energy.   The Schlumberger unit will supply six horizontal Spooltree subsea tress, six horizontal trees for the water injection system,six multiphase meters, a high-boost dual pump station with high-voltage motors, umbilical, topside, subsea controls and distribution, intervention and workover control systems, landing string, and installation and commissioning services.   The contract win comes after Woodside and its partner Japan’s Mitsui E&P Australia approved the development of the $1.9 billion Greater Enfield Project in June.   The move will see the pair produce 69 million barrels of oil equivalent from the Laverda Canyon, Norton over Laverda (WA-59-L) and ...

BW Offshore Gets Breathing Space

Global operator of floating production storage and offloading (FPSO) units BW Offshore Limited has received an approval for its long-term financial platform as it aims to secure future liquidity. The company has now received the required consents from all of its lending banks to implement the earlier announced financing plan which would contribute with more than USD 500 million in improved liquidity in the period throughout 2020 and “thereby give the company a significant runway until an expected market recovery.” “The consents are subject to customary conditions precedent, such as the entry into of appropriate documentation, corporate resolutions and the provision of legal opinions as well as the absence of any continuing event of default under the loan facilities,” BW Offshore said. Earl...

Malaysia’s first tension leg platform ready for Shell’s Malikai field

PASIR GUDANG, Malaysia — Shell and the Technip-MMHE joint venture (TMJV) have concluded the onshore fabrication and commissioning of the Malikai deepwater platform. This major milestone marks the sail away of Malaysia’s first Tension Leg Platform (TLP) to the site 100 km offshore Sabah. The TLP will be making a 1,400-km journey from Pasir Gudang, Malaysia, to Malikai field, where it will be installed in water depths of 500 m. While it is a deepwater project, after the installation has been concluded, Malikai will produce via the Kebabangan (KBB) shallow-water platform, located 50 km away. The TLP is designed to partially process the gross production before evacuation to KBB, where it will be further processed before being sent onshore to the Sabah Oil & Gas Terminal for storage a...

McDermott International to operate pipe-spool facility at Port of Hartlepool

A subsidiary of McDermott International has taken an option to operate as a pipe spool base at the Port of Hartlepool, owned and operated by PD Ports A subsidiary of McDermott International has taken an option on a site to operate as a pipe-spool base at the Port of Hartlepool, which is owned and operated by PD Ports. The 30-acre site at Hartlepool will allow McDermott to assemble long pipe stalks that will be spooled to its pipe-laying vessel for offshore oil and gas work. The facility, which is expected to be fully operational in 2015, will form an important part of McDermott’s portfolio enabling them to expand into new markets. The Port of Hartlepool provides an ideal location for McDemott’s facility as it offers open access to the North Sea and is in an optimum location to serve the No...

Cylindrical FPSO Being Tested for Gulf of Mexico

Model scale testing of Sevan Marine’s cylindrical FPSO hull is underway for application in the Gulf of Mexico’s ultra-deep water. The research is being conducted under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., Sevan Marine and the Offshore Technology Research Center (OTRC) at Texas A&M University. The model tests at OTRC have confirmed the favorable motion characteristics of the Sevan Marine design enabling its application with Steel Catenary Risers (SCR) and permanent mooring in even the harshest hurricane conditions. Further research and testing is planned, but Sevan Marine is confident that this can be a game changing technology for deep water offshore applications particularly in the U.S. Gulf of Mexico’s outer continental she...

Lost Password

Register

Skip to toolbar