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Post by Blitz on Apr 14, 2024 13:32:05 GMT -5
Guyana: SBM Offshore awarded contracts for ExxonMobil Guyana’s FPSO Jaguar 13 Apr 2024 www.energy-pedia.com/news/guyana/sbm-offshore-awarded-contracts-for-exxonmobil-guyana%E2%80%99s-fpso-jaguar-194804SBM Offshore has announced that ExxonMobil Guyana Limited ('EMGL') has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the Operations and Maintenance Enabling Agreement signed in 2023. The award follows completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers. The Whiptail development is the sixth development within the Stabroek block, circa 200 kilometers offshore Guyana. EMGL is the operator and holds a 45 percent interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Petroleum Guyana Limited, holds a 25 percent interest. The FPSO Jaguar’s design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s 7th new build, multi-purpose floater hull combined with several standardized topsides modules. The FPSO will be designed to produce 250,000 barrels of oil per day, will have associated gas treatment capacity of 540 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in water depth of about 1,630 meters and will be able to store around 2 million barrels of crude oil. SBM Offshore remains committed to working with Guyanese companies and will continue to expand these activities. More Guyanese engineers will be recruited and employed as part of the FPSO Jaguar project team. Source: SBM Offshore
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Post by Blitz on Apr 16, 2024 8:55:42 GMT -5
Jaguar FPSO will tap reservoirs shared with Yellowtail, Uaru OilNOW - April 16, 2024 oilnow.gy/featured/jaguar-fpso-will-tap-reservoirs-shared-with-yellowtail-and-uaru-projects/ExxonMobil’s newly approved Whiptail project is expected to produce oil from reservoirs shared between the Whiptail license area and those of two other Stabroek Block projects (Yellowtail and Uaru). According to the Whiptail production license, Exxon notified the government that it had discovered ‘cross license reservoirs’. Minister of Natural Resources, Vickram Bharrat, advised the company to enter into a unitization agreement, which would allow it to coordinate oil recovery operations among the projects. The license lists 17 cross license reservoirs which lie in part in the Yellowtail license area and one in the Uaru license area. These will be targeted using the Jaguar floating production, storage and offloading (FPSO) vessel. The ExxonMobil-operated Yellowtail, Whiptail and Uaru projects of the Stabroek Block are slated to commence oil production in 2025, 2026, and 2027 respectively. They will each target production of 250,000 barrels per day (b/d). The government had included a unitization provision to its newly legislated Petroleum Activities Act 2023, allowing for the development of reservoirs that span multiple license areas. Mr. Bharrat said last year that the government saw the need, after being approached by Exxon for consent to produce oil from the Liza field with the Prosperity FPSO which operates the Payara field. The unitization provision in the law can also allow for the development of reservoirs across multiple licensed blocks operated by different companies. The government has even said there is potential for joint natural gas development between Guyana and Suriname, given the volumes discovered in the southeastern section of the Stabroek Block and the TotalEnergies-operated Block 58 on the Suriname side. Read more about the Whiptail project: Exxon greenlights US$12.7 billion Whiptail project in Guyana | OilNOW
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Post by Blitz on Apr 19, 2024 7:11:16 GMT -5
SBM Offshore secures US$250 million term loan to begin construction work on new Guyana-bound FPSO OilNOW - April 19, 2024 oilnow.gy/featured/sbm-offshore-takes-us250-million-term-loan-to-kick-off-jaguar-fpso-construction/SBM Offshore said it has secured a US$250 million term loan facility to commence construction work on the Jaguar floating production, storage, and offloading (FPSO) vessel. The tenor of the bridge loan is twelve months with an extension option for another six months. Repayment is expected from the first drawdown of the construction financing of FPSO Jaguar. This follows the receipt of awards from ExxonMobil for the building and deployment of the FPSO for the Whiptail project in Guyana’s Stabroek Block. The design of the Jaguar FPSO is grounded in SBM Offshore’s Fast4Ward program. It will produce 850 million barrels of oil at a targeted rate of 250,000 barrels per day (b/d). First oil is expected in 2027. As the sixth Stabroek Block project, Whiptail will take production capacity offshore Guyana to 1.3 million b/d. Meanwhile, back in February ExxonMobil said the first module was lifted onto the topsides of the ONE GUYANA FPSO which is also being built by SBM Offshore, for the massive Yellowtail development. The Dutch floater specialist has built and is already operating three vessels for ExxonMobil offshore Guyana: Liza Destiny, Liza Unity and Prosperity. ExxonMobil is the operator of the Stabroek Block with a 45% interest, with Hess holding 30% and CNOOC holding 25%.
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Post by Blitz on Apr 26, 2024 7:38:16 GMT -5
Looks like Norway is committed to long term reliable energy coming from the sea. And now this... FPSO which will be ‘the giant of the north’ set for sailaway in Norway Johan Castberg FPSO is being prepared for a long life in the Barents Sea Under construction: the Johan Castberg FPSO in August 2022 Photo: EQUINOR Russell Searancke, Norway Correspondent, Oslo - Updated 26 April 2024, 03:12 www.upstreamonline.com/field-development/fpso-which-will-be-the-giant-of-the-north-set-for-sailaway-in-norway/2-1-1633491A newbuild floating production, storage and offloading vessel is poised for a much-awaited sailaway from a shipyard in south-west Norway to its new home at the $6 billion Johan Castberg project in the Barents Sea. The FPSO is the largest that Equinor has ever built, and it has dominated Aker Solutions’ shipyard in Stord on Norway’s south-west coast since arrival in April 2022. Including the helideck, the floater is 313 metres long, the same length as three football fields. It has a height of 86 metres, and width of 60 metres. You need a subscription to read this story
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Post by Blitz on Apr 27, 2024 5:44:00 GMT -5
Namibia: TotalEnergies targets 180,000 bpd FPSO for huge Venus project with sanction eyed for late 2025 Chief executive Patrick Pouyanne highlights production range for first of many FPSOs as exploration continues in 'prolific' Orange basin TotalEnergies chief executive Patrick Pouyanne. Photo: AFP/SCANPIX Iain Esau, Africa Correspondent, London - Updated 26 April 2024, 12:36 www.upstreamonline.com/field-development/namibia-totalenergies-targets-180-000-bpd-fpso-for-huge-venus-project-with-sanction-eyed-for-late-2025/2-1-1634086TotalEnergies is looking to sanction the first phase of its huge Venus project offshore Namibia in late 2025, targeting production of as much as 180,000 barrels per day. Venus is currently thought to hold about 2 billion barrels of recoverable oil, with chief executive Patrick Pouyanne making clear previously that it will be a phased development requiring multiple floating production, storage and offloading vessels. Speaking to analysts today during the supermajor’s first-quarter results webcast, Pouyanne said: “We recently finished a positive appraisal well on Venus and we are targeting the end of 2025 for a final investment decision. We’re speaking of a development with around 150,000-to-180,000 bpd.” You need a subscription to read this story
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Post by Blitz on May 1, 2024 7:17:42 GMT -5
Petrobras to install six new Buzios FPSOs by 2027 as offshore production increases April 30, 2024 www.worldoil.com/news/2024/4/30/petrobras-to-install-six-new-buzios-fpsos-by-2027-as-offshore-production-increases/(WO) – Petrobras' average production of oil, NGL, and natural gas in Q1 2024 reached 2.8 MMboed, an increase of 3.7% compared to last year. The evolution of production (ramp-ups) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba are responsible for the increase, as well as beginning production from 19 new wells from complementary projects in the Campos and Santos basins offshore Brazil. Production was lower by 5.4% from Q4 2023, mainly due to the greater volume of losses from shutdowns and maintenance and the natural decline of mature fields. These effects were partially offset by significant contribution from FPSOs Almirante Barroso (Búzios field) and P-71 (Itapu field) after reaching peak production during Q4 2023, and by the ramp-up of FPSOs Sepetiba (Mero field) and Anita Garibaldi (Marlim, Voador and Espadim fields). In March 2024, Petrobras began the flow of gas through the P-68 FPSO in the Berbigão and Sururu fields, increasing the reliability of gas delivery through the integrated network of the Santos basin. On February 24, the FPSO Marechal Duque de Caxias left the shipyard in Yantai, China, heading to the Mero field in the pre-salt of the Santos basin. The platform, which will be the field's third definitive production system, is scheduled to come into operation in the second half of this year and can produce up to 180 MMbpd of oil and 12 MMcmd of natural gas. In March 2024, the shared Búzios deposit reached 1 Bbbl of oil produced. Currently, the field operates on five platforms: P-74, P-75, P-76, P-77, and Almirante Barroso. Petrobras expects to install six more units in the field by 2027.
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Post by bjspokanimal on May 1, 2024 14:07:00 GMT -5
If Total's CEO is saying Venus will be a phased development with multiple FPSOs, then why is the actual FID delayed clear out to the end of next year? His rhetoric suggests that the FID has already happened.
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