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Post by Blitz on Oct 5, 2022 8:22:26 GMT -5
MODEC and Aibel hand out deals for ‘one of the largest FPSOs ever delivered to Brazil’ 10/5/22 brazilenergyinsight.com/2022/10/05/modec-and-aibel-hand-out-deals-for-one-of-the-largest-fpsos-ever-delivered-to-brazil/(OEM) Japan’s FPSO provider MODEC and Norway’s Aibel have picked Axess Group, an integrity and engineering solutions provider, for inspection and certification work on a floating, production, storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil. Axess Group revealed on Tuesday that it has secured two contracts – one with MODEC and the other one with Aibel – for Equinor’s Bacalhau FPSO, which the company says will be “one of the largest FPSOs ever delivered to Brazil.” Rod Matzdorff, Client Manager at Axess Group, remarked: “We are happy to be recognised for our expertise in inspections, certifications and compliance. With this project, we look forward to further developing the good working relationships we have with both MODEC and Aibel.” Furthermore, the contract awarded by MODEC includes the design review and certification of lifting appliances of the hull and select modules in China. On the other hand, Aibel’s fabrication yard in Laem Chabang, Thailand, awarded a similar service contract for the vessel’s topside modules, enabling Axess to provide engineering review, inspection, testing and certification of lifting appliances, to ensure statutory compliance and delivery to region-specific standards. Ricardo Freire, Operations Director of APME at Axess Group, commented: “Thanks to the good collaboration with the MODEC team in Singapore and China, as well as the continued support by Aibel’s team in Thailand, the site inspections are being performed seamlessly under standardised processes and requirements.” With a production capacity of 220,000 barrels per day, the Bacalhau FPSO will be deployed at the Bacalhau field which is situated across two licenses, BM-S-8 and Norte de Carcará, in the pre-salt region of the Santos Basin offshore Brazil. As explained by Equinor, the development will consist of 19 subsea wells tied back to the FPSO, which is 364 meters long, 64 meters wide, and 33 meters deep, with a designed draft of 22.65 meters. Based on the estimates from Equinor and its partners – ExxonMobil and Petrogal – the recoverable reserves of Bacalhau – including the Bacalhau North area – are more than two billion barrels of oil equivalent (boe). The production start-up is anticipated in 2024. Regarding MODEC’s recent activities related to the Bacalhau FPSO, it is worth noting that the firm inked a deal with Keppel Shipyard in February 2022 for the installation and integration of topside modules onboard this FPSO. In addition, the company hired Inprocess in April 2022 for the provision of a new Emulated Operator Training Simulator (OTS) solution for this FPSO.
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Post by Blitz on Oct 6, 2022 6:49:31 GMT -5
It looks like Brazil is serious about increasing offshore oil production... Sembcorp Marine lands FPSO order with Petrobras PROJECT & TENDERS October 4, 2022, by Nermina Kulovic www.offshore-energy.biz/sembcorp-marine-lands-fpso-order-with-petrobras/Brazil’s Petrobras has signed a contract with Singapore’s Sembcorp Marine Rigs & Floaters for the construction of the P-82 FPSO for operations on the Búzios field in the Santos Basin pre-salt area offshore Brazil. The P-82 will be the 29th unit to go into production in the pre-salt. This comes only a week after Petrobras signed a contract with Keppel Shipyard for the construction of the P-83 FPSO, also for the Búzios field. The order is worth around $2.8 billion. This latest order for the P-82 is for the FPSO vessel with a capacity to produce up to 225 thousand barrels of oil per day, process up to 12 million m³of gas per day, and store more than 1.6 million barrels. The project foresees the interconnection of 16 wells, 9 of which are producers and 7 injectors, Petrobras informed on Tuesday. According to Petrobras, the unit will incorporate the so-called closed flare technology, which increases gas utilization and prevents it from being burned into the atmosphere. Other innovations will be the methane gas detection system, capable of acting to prevent or mitigate the risk of leaks of this compound and the digital twins, which consists of a virtual reproduction of the platform to enable simulations and remote tests, before it goes into operation, a factor that aims to increase safety and reliability. It will also be equipped with CCUS technology – Capture, Use, and Geological Storage of CO2. The vessel is scheduled to start operating in 2026 and it will be the tenth platform to be installed in the Búzios field, where Petrobras is the operator, with a 92.6 per cent stake in the field, having CNOOC and CNODC as partners, with 3.7 per cent each. Petrobas has not shared any details about the value of the order. However, in a statement issued on Wednesday, Semncorp Marine said the order is worth $3.05 billion, making it the largest contract secured by Sembcorp Marine from Petrobras. It is scheduled for delivery in 1H 2026. Sembcorp Marine Photo: Sembcorp Marine The article has been updated to add the value of the contract for Sembcorp Marine.
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Post by Blitz on Oct 6, 2022 14:47:12 GMT -5
FPSO Anita Garibaldi heads for BRAZIL 10/6/22 brazilenergyinsight.com/2022/10/06/fpso-anita-garibaldi-heads-for-brazil/(PN) Petrobras announced that the Modec FPSO Anita Garibaldi left the DSIC Marine Yard shipyard, in the city of Dalian, China, for the Jurong shipyard, in the city of Aracruz (ES). The FPSO will be installed in the Marlim and Voador fields, in the Campos Basin, with production start scheduled for the third quarter of 2023. When it arrives at the Jurong shipyard, the FPSO will receive commissioning activities, in addition to regulatory inspections and operational tests. Soon after, it will depart towards the Campos Basin. The vessel has the capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to 7 million m3 of gas/day. As a reminder, the FPSO Anita Garibaldi is part of the Marlim and Voador Revitalization Project. Petrobras’ idea is to connect the new platform to 43 wells, with production peaking in 2026. The Marlim Revitalization Project plans to replace the nine platforms currently operating in the Marlim and Voador fields (P-18, P-19, P-20, P-26, P-32, P-33, P-35, P-37 and P-47) by the new FPSOs Anita Garibaldi and Anna Nery. “The new FPSO will be strategic for the Campos Basin Renewal Plan, aimed at renovating mature assets operated by the company in the region. Petrobras is investing US$ 16 billion in this program, which is part of its Strategic Plan for the period from 2022 to 2026,” said the oil company. “An international hub of offshore technology and the cradle of deepwater production in Brazil, the Campos Basin was a pioneer in innovation and will continue to be for both decommissioning projects and the revitalization of mature concessions”, concluded the company.
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Post by Blitz on Oct 6, 2022 14:48:57 GMT -5
I guess these guys didn't get ESG-wonks' memo about not loaning to reliable energy related projects. And now this... Banks support construction of new Yinson FPSO for Petrobras with $720 mln loan 10/6/22 brazilenergyinsight.com/2022/10/06/banks-support-construction-of-new-yinson-fpso-for-petrobras-with-720-mln-loan/(OEM) Malaysian FPSO provider Yinson has entered into a $720 million syndicated loan facility for the FPSO Maria Quitéria, which is being built to operate for Petrobras in waters offshore Brazil. Yinson said on Thursday that the loan is with ING Bank N.V., Singapore Branch, Maybank Group, Natixis Corporate & Investment Banking, Standard Chartered Bank (Singapore) Limited and United Overseas Bank Limited as Mandated Lead Arrangers, Underwriters and Bookrunners. The agreement was also signed by the Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan who are participating as Mandated Lead Arrangers. The six-year limited recourse loan will be used to support the ongoing construction of the FPSO Maria Quitéria, a project awarded to Yinson by Petrobras in November 2021 and firmed up in February 2022. Yinson Group Chief Strategy Officer, Daniel Bong, stated: “The FPSO financing space has been very competitive, as many postponed oil & gas developments have resumed post-pandemic and investor appetites have evolved with energy transition agendas. Thus, the success of this deal is remarkable, assuring us that our robust business model and proven capabilities have earned the confidence of our stakeholders.” Yinson Chief Executive Officer of Offshore Production, Flemming Grønnegaard, said that the project team’s excellent track record of asset delivery, safety and operations was crucial in cementing the support of the banks for the loan facility. Following the delivery of the FPSO Anna Nery, this is the second asset that Yinson will be delivering for Petrobras. FPSO Maria Quitéria is destined for the Jubarte field for the Parque das Baleias Integrated Project, located in the northern part of the Campos Basin offshore Brazil. The vessel will have the capacity to process 100 thousand barrels of oil and 5 million m3 of gas per day. The chartering and service contracts will last 22 years and 6 months from the unit’s final acceptance. Yinson has already agreed for Kongsberg Maritime to deliver electrical and control technologies and MAN Energy Solutions to supply compressor trains for the FPSO.
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Post by Blitz on Oct 11, 2022 15:46:28 GMT -5
Two new FPSOs in preparation for Brazilian operations October 11, 2022, by Nermina Kulovic www.offshore-energy.biz/two-new-fpsos-in-preparation-for-brazilian-operations/Japanese FPSO operator MODEC has delivered one FPSO to Brazil’s energy giant Petrobras while another one is on its way from a shipyard in China to Brazil. FPSO Almirante Barroso; Credit: CHUN YEAU NG; Source: Petrobras In a recent social media post, MODEC said that the Almirante Barroso MV32, its next platform for the Brazilian pre-salt, arrived on 5 October 2022 in Angra dos Reis, in the state of Rio de Janeiro. The FPSO’s commissioning will proceed in a local shipyard. Converted from a very large crude carrier (VLCC) and delivered by COSCO Shipping Dalian in China, the FPSO Almirante Barroso MV32 started its navigation towards Brazil in July 2022. The unit will produce on the Búzios field for Petrobras and will have the capacity to produce up to 150,000 barrels of oil and 6 million m³ of gas daily. It is scheduled to start production in 2023. In addition to the MV32, MODEC has more projects in commissioning for Brazil: the FPSO Anita Garibaldi MV33 and the FPSO Bacalhau. As informed by Petrobras, the FPSO Anita Garibaldi left the DSIC Marine Yard shipyard, in the city of Dalian, China, heading for Brazil last Thursday 6 October 2022. The FPSO will be installed in the Marlim and Voador fields, in the Campos Basin (RJ), with production start scheduled for the third quarter of 2023. It has the capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to 7 million m3 of gas/day. The new vessel will be connected to 43 wells, with peak production scheduled for 2026. The Marlim Revitalization Project plans to replace the nine platforms currently operating in the Marlim and Voador fields (P-18, P-19, P-20, P-26, P-32, P-33, P-35, P-37 and P-47) for the new FPSOs Anita Garibaldi and Anna Nery – the latter being scheduled to start production in the first quarter of 2023.
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Post by Blitz on Oct 13, 2022 7:25:26 GMT -5
It looks like Brazil is very serious about increasing the production of reliable energy and I hope Brazil leaves some FPSOs for others around the globe that need them. And now this... Petrobras adds two massive new oil platforms to rising offshore fleet By OilNOW - October 13, 2022 oilnow.gy/featured/petrobras-add-two-massive-new-oil-platforms-to-rising-offshore-fleet/Brazil’s offshore fleet of floating oil platforms has grown by two as Japanese contractor MODEC announced that the ‘Almirante Barroso MV32’ has arrived on Brazilian shores while the Anita Garibaldi is en route. The first vessel arrived on October 5 in Angra dos Reis, Rio de Janeiro with the commissioning underway in a local shipyard. The Almirante Barroso MV32 will operate in the Búzios field for Petrobras with the capacity to produce up to 150,000 barrels of oil per day (bpd) and six million cubic metres (m³) of gas daily. First oil is expected in 2023. On the other hand, the Anita Garibaldi left the DSIC Marine Yard shipyard, Dalian, China, headed for Brazil on October 6. Petrobras to add 14 FPSOs offshore Brazil in next four years | OilNOW The massive vessel will be installed in the Marlim and Voador fields, in the Campos Basin (RJ), with production scheduled for start-up in the third quarter of 2023. It can produce up to 80,000 bpd and process up to seven million m3 of gas. The Marlim Revitalization Project plans to replace the nine platforms currently operating in the Marlim and Voador fields – P-18, P-19, P-20, P-26, P-32, P-33, P-35, P-37 and P-47 – for the new FPSOs Anita Garibaldi and Anna Nery – the latter being scheduled to start production in the first quarter of 2023. The Anita Garibaldi will be connected to 43 wells, with peak production scheduled for 2026. Petrobras said the new floating, production, storage and offloading (FPSO) vessel will be strategic for the Campos Basin Renewal Plan, aimed at renewing mature assets operated by the company in the region. The state-owned company is investing US$ 16 billion in this program, which integrates its Strategic Plan for the period 2022 to 2026.
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Post by Blitz on Oct 13, 2022 7:32:20 GMT -5
This article is behind a paywall. It speaks to how much E&P activity is going on in this offshore area off the coast of South America. Exxon appears to be all-in on this area too. I would guess more Transocean drillships will be needed here soon. And now this... Modec closing in on breakthrough floater contract in Guyana It’s ‘now or never’ for Japanese floater giant to fulfil its hopes of breaking into the Guyana market, sources reckon 13 October 2022 - By Gareth Chetwynd in Rio de Janeiro www.upstreamonline.com/field-development/modec-closing-in-on-breakthrough-floater-contract-in-guyana/2-1-1332206 Japanese floater giant Modec is inching closer to a first major contract award from the ExxonMobil-led consortium in charge of developing at least 11 billion barrels of oil equivalent on the Stabroek block offshore Guyana. ExxonMobil has so far put two floating production, storage and offloading vessels into operation on Stabroek, with more on the way and is fast-tracking plans to take this to six by 2027, when crude-processing capacity is expected to pass the 1 million barrels per day mark.
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Post by Blitz on Oct 14, 2022 13:57:28 GMT -5
Topside Module Construction Starts for Giant ONE Guyana FPSO 10/14/22 brazilenergyinsight.com/2022/10/14/topside-module-construction-starts-for-giant-one-guyana-fpso/(OE) The Dutch FPSO leasing specialist SBM Offshore said Friday the construction of the topside modules had kicked off in Singapore for one of the company’s largest-ever FPSO units, the One Guyana FPSO. “During September this year, two steel strike ceremonies were held in both Keppel FELS and DynaMac yards. This marks a key milestone, which is the start of the fabrication of the marine structures and the topside modules,” SBM Offshore said. SBM Offshore received an order from ExxonMobil in April to deliver the One Guyana FPSO for the Yellowtail development offshore Guyana. This will be the fourth and largest FPSO to be deployed offshore Guyana. The FPSO will be designed to produce 250,000 barrels of oil per day, will have an associated gas treatment capacity of 450 million cubic feet per day, and a water injection capacity of 300,000 barrels per day. The FPSO will be spread-moored in a water depth of about 1,800 meters and will be able to store around 2 million barrels of crude oil. The order confirmation comes after ExxonMobil sanctioned the $10 billion Yellowtail oil field development. Under the contracts with Exxon, SBM Offshore will build, install, lease, and run the FPSO for up to two years. After that, ExxonMobil will take over ownership and operation of the FPSO. The first oil is expected in 2025.
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Post by Blitz on Oct 17, 2022 12:01:38 GMT -5
FPSO P-71 heads towards the Itapu field in the Santos Basin 10/17/22 brazilenergyinsight.com/2022/10/17/fpso-p-71-heads-towards-the-itapu-field-in-the-santos-basin/The FPSO P-71 left the Jurong Aracruz shipyard, in Espírito Santo, and headed for the Itapu field, in the Santos Basin. The vessel will be able to produce up to 150,000 barrels of oil and 6 million cubic meters of gas daily. In addition, the P-71 will be able to store 1.6 million barrels of oil. Petrobras predicts that the platform will come into operation in December 2022 and should reach its peak of production by the end of 2023. As a reminder, the P-71 would initially be allocated in the Tupi field, in the pre-salt layer of the Santos Basin. Itapu, in turn, would receive another platform, which would be contracted by Petrobras. However, in October last year, the state-owned company’s plans changed. Petrobras announced the decision to cancel the bidding for contracting the Itapu platform and relocated the P-71 to the field. The P-71 is a Petrobras own unit and will be the last of the Replicant series, also made up of P-66, P-67, P-68, P-69 and P-70. “These units have high production capacity, advanced operating technologies and emission reductions, with the same replicated engineering project”, detailed the oil company. The company also says that the ship has the FGRU (Flare Gas Recovery Unit) system, used to take advantage of the gas generated in the production process and reduce its burning and release into the atmosphere. During its passage through the Jurong Aracruz shipyard, the platform underwent modification work on the FPSO’s topsides and hull to meet the requirements of the Itapu field. The hull conversion works, as is known, were carried out in China by CIMC Raffles. The Jurong shipyard was also responsible for the manufacture of six modules, pipe-racks and a flare, and their integration into the vessel along with other modules and items supplied by Petrobras. “Despite the challenges related to the pandemic that affected the project over a period of 20 months, EJA successfully delivered the FPSO P-71 on schedule, cementing our status as a premier facility in Brazil, capable of taking on engineering, procurement and , construction and commissioning for large-scale offshore projects”, commented Jurong Aracruz president Thangavelu Guhan.
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Post by Blitz on Oct 21, 2022 8:27:04 GMT -5
Gallery: Itapu Oil Field FPSO Leaves Shipyard (Brazil) Bartolomej Tomic - October 18, 2022 www.oedigital.com/news/500267-gallery-itapu-oil-field-fpso-leaves-shipyard-brazilEstaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Singapore's Sembcorp Marine, has completed the construction of the P-71 FPSO, integrating topsides on the China-built hull. The new FPSO vessel left the EJA shipyard on Tuesday. It will be deployed at Petrobras' ultra-deepwater Itapu field in Brazil’s Santos Basin. When operational, the P-71 will produce up to 150,000 barrels of oil per day (BOPD).The P-71 measures 316m by 54m and can store 1.6 million barrels. The FPSO can accommodate 166 people. Estaleiro Jurong Aracruz's P-71 work scope included the construction of six modules, pipe-racks, and a flare, and integrating them onto the vessel along with other modules and items supplied by Petrobras. EJA also modified FPSO’s topsides and hull to meet Itapu field requirements. The hull of the FPSO was built in China by CIMC Raffles and arrived in Brazil in March, 2020.
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Post by Blitz on Oct 22, 2022 8:53:49 GMT -5
This points to critical offshore infrastructure being built because industry insiders see a need and a market for reliable energy supplies going beyond the 30 years ESG wonks have tried to mandate by decree rather than determined by practical, profitable, and sustainable transition process due to efficiencies. And now this... Excerpt: Photo: MODEC Modec seeks yards to build wave of generic FPSOsCompany is vetting Chinese yards to build at least five FPSOs under its standardised M350 design 21 October 2022 - By Xu Yihe in Singapore www.upstreamonline.com/exclusive/modec-seeks-yards-to-build-wave-of-generic-fpsos/2-1-1338146Modec has stepped up its contact with Chinese yards in anticipation of a surge in demand for floating production, storage and offloading vessels to be built using its new standardised M350 hull design concept. The Japanese floater specialist is preparing to send delegations to visit Chinese yards next month as part of a process aimed at qualifying those able to deliver hulls and living quarters of FPSOs under the M350 programme. Yard auditing work should have started in October but was delayed to November, according to several well-placed industry sources.
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Post by bjspokanimal on Oct 22, 2022 12:37:11 GMT -5
I have heard that shipbuilders like Modec with expertise in FPSOs are scrambling to add capacity, given that current yards are sold out with all the construction contracts that are getting signed.
It's amazing that there is such a vibrant leading-economic-indicator of future deepwater drilling activity just right there staring at the investment community, yet Transocean stock STILL spent time below $3 per share this month.
Very strange drilling up-cycle, this one, but I still hear the echos of people bawling about the energy transition and recessions... things that are HAMMERING them on the news every day, while information about how down-sized the offshore drilling rig market is is almost impossible to find media information on.
To the well informed will go the spoils, in this particular developing drilling boom.
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Post by Blitz on Oct 26, 2022 16:33:37 GMT -5
More FPSOs heading to Petrobras fields offshore Brazil brazilenergyinsight.com/2022/10/26/more-fpsos-heading-to-petrobras-fields-offshore-brazil/(OM) Petrobras has issued an update on the latest FPSOs added to its fields offshore Brazil. On June 21, the P-68, which operates in the Berbigão and Sururu fields in the Santos Basin, reached full production capacity and earlier this month achieved a production record of 161,000 bbl/d. This was above the floater’s nominal capacity and followed optimizations in the production plant. FPSO Guanabara continues to ramp up production, averaging 65,000 bbl/d in the third quarter following startup of two new oil and natural gas production wells and two new gas injectors. At the start of this month, FPSO Anna Nery, contracted with Yinson, arrived at the Brasfels shipyard in Angra dos Reis for the final phase of commissioning and preliminary acceptance tests ahead of startup in 2023. The 70,000-bbl/d-capacity platform is part of the Marlim and Voador Revitalization project, which will also include FPSO Anita Garibaldi. The two FPSOs will replace nine stationary production units. Four of these are in operation (P-18, P-19, P-20 and P-47), while a further five are being decommissioned (P-26, P-32, P-33, P-35 and P-37). FPSO Anna Nery is scheduled to start operations in 2023. FPSO Almirante Barroso, with oil processing capacity of 150,000 bbl/d, arrived at the Brasfels shipyard on Oct. 5 to undergo a further commissioning stage of its equipment and production systems, along with regulatory inspections and preliminary acceptance tests. This will be the first chartered platform (leased from MODEC) to operate on the giant Búzios Field in the presalt Santos Basin under production via the P-74, P-75, P-76 and P-77. It should start operations in 2023. FPSO Anita Garibaldi, also chartered from MODEC, departed DSIC shipyard in China on Oct. 6 for Aracruz in Espirito Santo state, where it will undergo commissioning activities, regulatory inspections and preliminary acceptance tests. It is due to start operating at the Marlim and Voador Revitalization project next year. The P-71 platform left the Jurong Aracruz shipyard in Espírito Santo on Oct. 15 and arrived at the Itapu Field in the Santos Basin presalt area on Oct. 20. This will be the sole production platform at the field, with an oil processing capacity of 150,000 bbl/d. It is being anchored, and following connection of production risers, it could begin operating in December.
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Post by Blitz on Oct 28, 2022 8:06:50 GMT -5
FPSOs lead the charge as deepwater set to dominate liquids supply from startups Oct. 27, 2022 www.offshore-mag.com/rigs-vessels/article/14284881/fpsos-lead-the-charge-as-deepwater-set-to-dominate-liquids-supply-from-startupsThe offshore sector is set to overtake onshore this decade in terms of contribution to global liquids production from new project startups, with FPSO schemes leading the charge, Rystad reports. Offshore staff OSLO, Norway — The offshore sector is set to overtake onshore this decade in terms of contribution to global liquids production from new project startups, with FPSO schemes leading the charge, according to a recent Rystad Energy report. Global liquids demand is forecast to rise from about 92 MMbbl/d in 2020, a drop of 8 MMbbl/d from the previous year due to the COVID-19 pandemic, to a peak of about 107 MMbbl/d by 2025, Rystad research shows. Additionally, liquids supply is on course to grow by more than 5 MMbbl/d this year over 2021—99 MMbbl/d as against 94 MMbbl/d—with the onshore conventional and tight oil sectors the primary drivers. In terms of conventional liquids production from project startups, the onshore sector was dominant between 2010 and 2020. However, offshore is set to rule over the current decade in terms of liquids supply from fields that have started up or are scheduled to come online by 2030. 10.27.2022
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Post by Blitz on Nov 1, 2022 7:24:27 GMT -5
Exxon awards contract to MODEC for fifth Guyana FPSO By OilNOW - November 1, 2022 oilnow.gy/featured/exxon-awards-contract-to-modec-for-fifth-guyana-fpso/Global supplier and operator of offshore floating platforms, Mitsui Ocean Development & Engineering Company Inc. (MODEC) announced on Tuesday that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related to the FPSO design and to secure the second M350TM hull for FPSO service. Exxon’s 5th Guyana project targeting 3 of the world’s largest discoveries, totaling 1.3 billion barrels Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil, and EEPGL’s release of the second phase (EPCI) of work, MODEC is expected to construct the FPSO and install in Guyana. MODEC is also anticipated to operate the FPSO for an initial duration of 10 years, with potential options for continuation. MODEC said it will design and construct the FPSO based on its M350 new-build design. Uaru will be the second M350 hull used for FPSO service. 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 350,000 barrels per day. Uaru project likely to exceed US$10 billion The FPSO will be installed in a water depth of about 2000 meters, using a SOFEC Spread Mooring System and will be able to store around 2 million barrels of crude oil. “We are extremely honored and proud to be selected to provide the FEED services for an FPSO for the UARU project,” said Takeshi Kanamori, President and CEO of MODEC. “We are equally proud of our robust track record of successful project deliveries in the South America region, and we look forward to cooperating closely with the client and its partners to make this project a success.” Guyana seeks consultant to review development plan for Exxon’s giant Uaru project The FPSO will be MODEC’s first for use in Guyana, however it will be the 18th FPSO/FSO vessel delivered by MODEC for use in South America. Uaru to carry similar FPSO size as Yellowtail – EIA To date, Dutch floater specialist SBM Offshore has been contracted by ExxonMobil to build and operate all the FPSOs for its approved projects in Guyana so far. The company has delivered the Liza Destiny and Unity FPSOs, currently producing oil at the Stabroek Block, and is in the process of constructing two more vessels – Prosperity and One Guyana – for Exxon’s Payara and Yellowtail projects.
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Post by Blitz on Nov 1, 2022 9:41:30 GMT -5
Excerpt: Modec wins Guyana FPSO FEED prize Japanese floater specialist set for follow-on EPCI scope 1 November 2022 - By Amanda Battersby in Singapore www.upstreamonline.com/field-development/modec-wins-guyana-fpso-feed-prize/2-1-1344405 Japanese floater specialist Modec has won the front-end engineering and design contract for the floating production, storage and offloading vessel destined for ExxonMobil’s Uaru field development on its prolific Stabroek block offshore Guyana, which will be the contractor’s first FPSO in the South American nation. The FEED workscope relates to the FPSO’s design while the related funding enables Modec to secure the second M350 hull for FPSO service. Modec on Tuesday said it would design and construct the FPSO based on its M350 newbuild design and Uaru will be the second such hull deployment.
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Post by Blitz on Nov 1, 2022 9:43:58 GMT -5
Petrobras gauges market appetite for two more giant floaters Brazilian oil giant seeking new floaters to develop the Sepia and Atapu fields, with up to nine units in the pipeline 31 October 2022 - By Fabio Palmigiani , Gareth Chetwynd , Xu Yihe and Amanda Battersby in Rio de Janeiro and Singapore www.upstreamonline.com/exclusive/petrobras-gauges-market-appetite-for-two-more-giant-floaters/2-1-1344022 Brazilian state-controlled oil company Petrobras has issued a request for information (RFI) to gauge the market interest in upcoming tenders for the Sepia-2 and Atapu-2 floating production, storage and offloading vessels. The planned contest for the two Petrobras-owned units is expected to follow closely on the heels of tenders for three chartered units and ahead of another planned contest for four more chartered units, expected in the second half of 2024. “This will make nine big FPSOs to be built for Petrobras...
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Post by Blitz on Nov 7, 2022 9:33:08 GMT -5
This article is a little dated but the trend is still intact and the chart is still relevant as a comparator given Petrobras has ordered even more FPSOs. And now this from July 21, 2022... South America remains on top of global upcoming FPSO deployments Among operators, Petroleo Brasileiro SA leads globally with 12 planned and announced FPSOs. By GlobalData Energy www.offshore-technology.com/comment/south-america-fpso-deployments/GlobalData’s latest report, ‘Global FPSO Industry Outlook, 2022-2027’, indicates that a total of 66 planned and announced floating production, storage and offloading units (FPSOs) are expected to start operations during the outlook period of 2022 to 2027. Of these, 29 represent the number of planned FPSOs with identified development plans and 37 represent the number of early-stage announced FPSOs, which are undergoing conceptual studies and are expected to get approved for development. South America remains on the top, with 31 planned and announced FPSO additions during the outlook period of 2022-2027. Africa and Asia rank next, with 14 and ten FPSOs, respectively. Among countries, Brazil continues to lead globally in planned and announced FPSO additions, with 26 FPSOs during the outlook period, followed by the UK with five FPSOs. Guyana and Nigeria rank third with four FPSOs each. Among operators, Petroleo Brasileiro SA (Petrobras) leads globally with 12 planned and announced FPSOs. SBM Offshore NV and Yinson Holdings Bhd follow with five and three FPSOs, respectively.
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Post by Blitz on Nov 9, 2022 7:13:49 GMT -5
JUST IN: SBM Offshore signs MOU with Exxon for future Guyana FPSO By OilNOW - November 9, 2022 oilnow.gy/featured/just-in-sbm-offshore-signs-mou-with-exxon-for-future-guyana-fpso/Dutch floater specialist SBM Offshore has signed an MoU with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project. SBM made the announcement today via its LinkedIn page. “ExxonMobil and SBM Offshore have a long history of working together, with multiple FPSO projects underway,” the Netherlands-based company said. SBM Offshore looking for more Guyanese to join its growing team This long history of working together has seen SBM Offshore securing multiple contracts over the years for Exxon’s Guyana operations, which includes all FPSOs for approved projects to date – Liza Destiny, Liza Unity, Prosperity, and One Guyana. SBM Offshore aiming for ‘near-zero emissions FPSO’ by 2025 – CEO Just recently it was announced that MODEC had secured a contract for Exxon’s fifth Guyana project at Uaru, which is pending government approvals and final investment decision by the US oil major. The MoU announced today by SBM Offshore is therefore likely targeting Exxon’s sixth project offshore the South American country. Exxon has said it envisions around 10 FPSOs operating at the Stabroek Block where it has made over 30 discoveries since 2015, amounting to more than 11 billion barrels of oil equivalent resources. ######### SBM Offshore, ExxonMobil Pen MoU for Another Guyana FPSO brazilenergyinsight.com/2022/11/11/sbm-offshore-exxonmobil-pen-mou-for-another-guyana-fpso/Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana. “The company recently placed an order for a seventh Fast4Ward MPF hull. The construction of this hull is expected to start in the first quarter of 2023. An MoU was signed with ExxonMobil Guyana granting exclusivity over the hull,” SBM Offshore said. SBM Offshore’s Fast4Ward program involves a new build, multi-purpose floater hull combined with several standardized topsides modules. SBM Offshore orders these hulls in China without contracts secured so that when it does secure a contract, the FPSO delivery time is shorter. There are currently two FPSOs in operation in ExxonMobil’s Stabroek block offshore Guyana – the Liza Destiny and the Liza Unity – both delivered by SBM Offshore. The Liza Destiny, Guyana’s first FPSO in production, was converted from a VLCC, while the Liza Unity, the first FPSO based on the Fast4Ward hull, started production in February 2022. SBM Offshore earlier this year confirmed the receipt of a firm order from ExxonMobil for the fourth and largest FPSO to be deployed at ExxonMobil’s Yellowtail project offshore Guyana. The FPSO will be designed to produce 250,000 barrels of oil per day, will have an associated gas treatment capacity of 450 million cubic feet per day, and a water injection capacity of 300,000 barrels per day. The FPSO will be spread-moored in a water depth of about 1,800 meters and will be able to store around 2 million barrels of crude oil. First oil is expected in 2025. This will be the fourth FPSO deployed in Guyana’s Stabroek block, and the fourth delivered by SBM Offshore, after Liza Destiny, Liza Unity, and the under-construction Prosperity.
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Post by Blitz on Nov 10, 2022 10:06:00 GMT -5
It appears somebody is going to have to start building new FPSOs Brazil is soaking up all the spares... perhaps even a few drillships to feed them? ANP approves new development plan for the Marlim field, forecast of U$ 3.8 billion in investments 11/10/22 brazilenergyinsight.com/2022/11/10/anp-approves-new-development-plan-for-the-marlim-field-forecast-of-u-3-8-billion-in-investments/(PN) Petrobras’ revitalization plans for the Marlim field will bring new investments to the Campos Basin. The National Petroleum Agency (ANP) approved the new version of the field development plan presented by the oil company. Altogether, the program foresees investments of US$ 3.8 billion for Marlim and another US$ 60 million for the neighboring field, Voador. In Marlim, Petrobras will install two new FPSOs – Anita Garibaldi and Anna Nery. The project also includes the relocation of 28 production wells and 29 injectors, the interconnection of two production wells and the drilling of 13 new production wells and a new injector. The Anita Garibaldi FPSO will have the capacity to process 80,000 barrels per day and 7 million m³ of gas per day. The Anna Nery unit will be able to produce 70,000 barrels per day and 4 million m³ of gas per day. In the Voador field, activities include the operational continuity of five wells – with the relocation of two production wells and three injection wells. All Voador wells will be connected to Anita Garibaldi, which will also serve the Marlim field. The final production date for the two fields is December 31, 2048. Previously, the estimated period was until 2025. In 2048, according to Petrobras, the recovery factor of Voador will be 22.3%, while that of Marlim will be in 50.2%.
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Post by Blitz on Nov 14, 2022 7:36:51 GMT -5
Dutch company advancing construction of Brazil high-capacity floaters By OilNOW - November 14, 2022 oilnow.gy/featured/dutch-company-advancing-construction-of-brazil-high-capacity-floaters/Dutch floater specialist, SBM Offshore, says it is progressing well with the construction of three major floating production, storage and offloading (FPSO) vessels for Brazil. Despite the lingering economic impacts of COVID-19 which is still impacting the pace of work, SBM Offshore said FPSO Sepetiba’s integration and commissioning activities are moving ahead. The company said the project targets first oil in 2023. Sepetiba which is set to cost US$1.6 billion will have a processing capacity of up to 180,000 barrels per day (bpd) of oil, a water-injection capacity of 250,000 bpd, an associated gas treatment capacity of 12 million cubic feet per day (MMcf/D) and a minimum storage capacity of 1.4 million bbl of crude oil. Sepetiba is expected to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometres (km) offshore Rio de Janeiro. Petrobras adds two massive new oil platforms to rising offshore fleet | OilNOW As for FPSO Almirante Tamandaré, SBM Offshore said the topsides fabrication and the Fast4Ward® hull construction is progressing in line with the project plan. First oil is expected in 2024. With respect to FPSO Alexandre de Gusmão, SBM Offshore said the topsides fabrication is progressing in line with the project plan and the Fast4Ward® hull was successfully launched out of drydock as scheduled. First oil remains on track for 2025. FPSO Alexandre de Gusmão would be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 km from Arraial do Cabo, Rio de Janeiro state. Pricey FPSOs startle Petrobras as it pursues production ramp-up | OilNOW As a cautionary note, SBM Offshore reminded that the challenges of the macroeconomic context and COVID-19 pandemic-related restrictions have not abated. It said incremental impacts may continue to be experienced within the project portfolio. Be that as it may, the company said it is progressing with these and other FPSOs in preparation for a year of large investment in the construction portfolio in 2023. The named Brazilian floaters are part of a major plan by Petróleo Brasileiro S.A Brazil’s state-owned multinational oil producer, to add 14 ships to its operating fleet in the next four years. This was noted in its Strategic Plan 2022-2026. The plan listed 15 FPSOs altogether. The first, the Guanabara MV31, was placed at the Mero field in the pre-salt of the Santos Basin in May, with a capacity to produce up to 180,000 barrels of oil per day. Five FPSOs are scheduled to achieve first oil in 2023, adding approximately 630,000 bpd of production capacity. Three FPSOs are scheduled for first production in 2024, with total approximate production capacity of 505,000 bpd. In 2025, three FPSOs are slated to start producing, with peak production capacities totalling 540,000 bpd. Three more FPSOs are expected to come on stream in 2026, adding 570,000 bpd to Petrobras’ output. If all goes as planned, the 14 FPSOs added in the next four years will add over 2.2 million bpd.
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Post by Blitz on Nov 15, 2022 9:43:02 GMT -5
Ranhill Worley wins detail design engineering contract for P-82 FPSO OIL & GAS UPSTREAM DEEPWATER By NS Energy Staff Writer 15 Nov 2022 www.nsenergybusiness.com/news/ranhill-worley-wins-detail-design-engineering-contract-p-82-fpso/The FPSO vessel to be used at the Buzios field in Brazil is expected to have a production capacity of 225,000 barrels of oil per day and 12 million cubic meters of gas per day with commercial operations targeted to begin in 2026 Sembcorp Marine awards the detail design engineering contract for the P-82 FPSO project to Ranhill Worley. (Credit: Pexels from Pixabay) Ranhill Worley has won a detail design engineering contract from Sembcorp Marine for the P-82 floating production, storage, and offloading (FPSO) vessel to be deployed in the Buzios field, offshore Brazil. The contract is worth $27m, revealed Ranhill Utilities, a Malaysian conglomerate, which has a stake of 51% in Ranhill Worley. Ranhill Worley will work in support of Sembcorp Marine on the FPSO project. The former will be responsible for rendering topsides engineering services for the detailed design and follow-on phases of the FPSO. Ranhill Utilities said that duration of detail engineering phase is expected to be 14 months. This will be followed by engineering support. Ranhill Worley’s offering for the P-82 FPSO is expected to leverage its strength in designing offshore facilities with the global expertise and reach of Worley. This is said to include the combination of multidiscipline engineering in the former’s headquarters in Kuala Lumpur with Worley’s Rio De Janeiro office, and global subject matter experts in technology application and digitalisation. Ranhill Utilities’ board stated: “The Board of Directors is pleased to have received award of the contract from Sembcorp Marine in support of topsides engineering work for Petrobras P-82 FPSO with P-82 being one of the largest vessels deployed in the Buzios field and requires expertise in development of complex offshore modularised facilities. “Ranhill Worley is honoured to have been chosen by Sembcorp Marine for this landmark project and is fully confident in the ability of Ranhill Worley to meet the challenge in realising a technically compliant next generation of FPSO meeting schedule and quality requirements.” Sembcorp Marine, through its subsidiary Sembcorp Marine Rigs & Floaters, was awarded a contract worth $3.05bn from Petroleo Brasileiro (Petrobras) for the construction of the P-82 FPSO. The FPSO vessel is expected to have a production capacity of 225,000 barrels of oil per day and 12 million cubic meters of gas per day. It is due to be delivered in the first half of 2026 and is expected to begin commercial operations in 2026.
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Post by Blitz on Nov 15, 2022 13:07:44 GMT -5
Construction of Guyana’s 3rd and 4th FPSOs progressing well By OilNOW - November 15, 2022 oilnow.gy/featured/construction-of-guyanas-3rd-and-4th-fpsos-progressing-well/Construction of the 3rd and 4th floating production storage and offloading (FPSO) vessels for ExxonMobil’s operations in Guyana – Prosperity and ONE GUYANA – is progressing well, according to SBM Offshore, the company building the vessels. For ONE GUYANA, SBM Offshore said topsides construction started in the yards in China and Singapore and is on schedule as planned. ONE GUYANA builds on the experience to date of the Liza Destiny, Liza Unity and Prosperity vessels. Liza Destiny and Liza Unity are the first two FPSOs to be built and operated by SBM Offshore for Exxon’s Guyana operations. The floaters are currently producing oil offshore the South American country. SBM Offshore said the ONE GUYANA design is based on its Fast4Ward programme that incorporates the company’s new build, multi-purpose hull combined with several standardised topsides modules. The FPSO will be designed to produce about 250,000 barrels of oil per day (bopd), will have associated gas treatment capacity of 450 million cubic feet per day (MMcf/d) and water-injection capacity of 300,000 bpd. First oil is expected in 2025.US$10 billion Yellowtail development will be largest investment in Guyana’s history | OilNOW As for Prosperity, SBM Offshore said integration and commissioning activities are underway. The vessel will be designed to produce 220,000 bopd and will have an associated gas treatment capacity of 400 million cubic feet per day and a water injection capacity of 250,000 bpd. The FPSO will also be spread moored in water depth of about 1,900 metres and will be able to store around 2 million barrels of crude oil. First oil is targeted for 2023. Modec was recently awarded a contract to perform front-end engineering and design (FEED) for Uaru, the fifth project.
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Post by Blitz on Nov 16, 2022 11:43:50 GMT -5
Excerpt: Petrobras revitalisation concept to bring at least three more FPSO orders to market Rationale is to potentially replace old units with new floaters that would continue producing through to 2052 16 November 2022 - By Fabio Palmigiani in Rio de Janeiro www.upstreamonline.com/exclusive/petrobras-revitalisation-concept-to-bring-at-least-three-more-fpso-orders-to-market/2-1-1353862Brazilian state-controlled company Petrobras is pressing ahead with a batch of new orders for floating production, storage and offloading vessels to “revitalise” operations at mature fields in the Campos and Santos basins. With the tender for one revitalisation unit already in the market and another three expected to hit the streets in the second half of next year, Petrobras continues to present offshore industry suppliers an exciting pipeline of new business prospects, while also raising the possibility that several older FPSOs will be retired from the operator's fleet. ##### Excerpt: Cidade de Anchieta FPSO could face almost one year of downtime in Brazil SBM Offshore-owned unit was shut down in early 2022 following the observation of oil near the vessel 16 November 2022 - By Fabio Palmigiani in Rio de Janeiro www.upstreamonline.com/production/cidade-de-anchieta-fpso-could-face-almost-one-year-of-downtime-in-brazil/2-1-1355457The Cidade de Anchieta floating production, storage and offloading vessel is expected to resume operation at the Parque das Baleias field offshore Brazil by the end of the year after a shut down followed an apparent oil tank leak back in January. According to Dutch floater specialist SBM Offshore, which operates the unit for Brazilian oil giant Petrobras at Parque das Baleias, tank inspection and repair work at the floater is progressing. SBM interrupted operations at the Cidade de Anchieta FPSO on 22 January following the observation of oil near the vessel.
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Post by Blitz on Nov 21, 2022 13:04:27 GMT -5
The way I look at this being that it comes from an FPSO firm is this: Demand is strong, demand is strong Shell. So, this boat will either float with you or move on. Therefore, it either frees up this FPSO for work in a different area of operation or stays where it is. It also looks like they can't make enough FPSOs to demand. And now this... Brazil: No Gato do Mato Offshore Field FID in Next 12-24 Months, FPSO Firm Says Bartolomej Tomic, Editor - November 21, 2022 www.oedigital.com/news/501103-brazil-no-gato-do-mato-offshore-field-fid-in-next-12-24-months-fpso-firm-saysIllustration: An FPSO offshore Brazil - ©Ranimiro/AdobeStock (Cropped) Shell's Brazilian subsidiary Shell Brasil Petróleo will not be making final investment decision (FID) on its Gato do Mato oil and gas field development offshore Brazil within the next 12 to 24 months. This is according to FPSO leasing firm BW Offshore which said Monday that Shell had informed it of its decision. BW Offshore together with Italy's Saipem recently secured an extension to previously awarded limited notice to proceed for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato project. This extension was to be valid until February 2023, and was expected to lead to the FPSO lease and operate contract, subject to financing and the project reaching final investment decision (FID). Had the project reached FID and moved forward, the FPSO lease and operate contract would have had a firm period of 18 years with seven years of options. In its quarterly results last week, BW Offshore said it was progressing towards contract award with the company's CEO saying that "Gato Do Mato is set to become the second major FPSO project in our portfolio." However, this will now not happen in the near future and the limited notice to proceed is expected to be terminated BW Offshore said: "The company expects to receive formal notification terminating the limited notice to proceed (LNTP) in due course. BW Offshore will be reimbursed for costs incurred in line with the agreed terms of the LNTP." The Gato do Mato oil and gas field is located around 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters. According to World Energy Reports, one of the most extensive FPSO information databases, the Gato do Mato unit, when approved, is expected to have the capability to produce 90,000 b/d oil + up to 290 mmcf/d gas, have 250,000 b/d water injection capability, and storage for 1.6 million barrels of oil. "Gas is to be exported via a 100+ km pipeline to the Mexilhao platform or reinjected...The Gato do Mato project will have four oil producer wells, four gas injectors and two water injectors. The field principally holds gas and condensates," World Energy Reports info shows.
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