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Post by Blitz on Dec 27, 2022 9:29:40 GMT -5
Brazil is putting its money where its mouth is given the FPSO activity.
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Post by Blitz on Dec 27, 2022 9:34:43 GMT -5
Petrobras starts production at Itapu field Dec. 22, 2022 www.ogj.com/drilling-production/production-operations/field-start-ups/article/14287544/petrobras-starts-production-at-itapu-fieldThe P-71 floating production, storage, and offloading vessel started production from Petroleo Brasileiro SA (Petrobras)-operated Itapu field in the presalt area of Santos basin offshore Brazil. Alex Procyk - Photo from Petrobras. The P-71 FPSO started production from Petrobras-operated Itapu field in the presalt area of Santos basin offshore Brazil. The P-71 floating production, storage, and offloading vessel started production from Petroleo Brasileiro SA (Petrobras)-operated Itapu field in the presalt area of Santos basin offshore Brazil. The FPSO can process up to 150,000 bbl oil and 6 million cu m/d gas in addition to storing up to 1.6 million bbl of oil (OGJ Online, July 6, 2021). Positioned in a water depth of 2,010 m, the FPSO will be the only one to produce Itapu field. Petrobras expects the unit to reach its maximum production capacity in 2023. The P-71 is the sixth and last of the series of replicant platforms operated by Petrobras. These units are characterized by a standardized engineering design, high production capacity, and advanced technologies for operation and reduction of greenhouse gas emissions. One of the unit's low-carbon technologies is the flare gas recovery unity (FGRU) system, which contributes to a greater utilization of produced gas and reduction of emissions. Petrobras is operator and has 100% stake in Itapu field.
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Post by Blitz on Dec 30, 2022 9:00:07 GMT -5
Petrobras kick starts tender process for two new FPSOs
By OilNOW - December 30, 2022 oilnow.gy/featured/petrobras-kick-starts-tender-process-for-two-new-fpsos/
Brazil’s state-owned Petrobras launched a tender for the supply of two new floating, production, storage, and offloading (FPSO) vessels for its shared Atapu and Sépia reservoirs.
Bids are expected in July next 2023, and Petrobras expects production to start in 2028.
The new units – P-84 (Atapu) and P-85 (Sépia) – will both have a production capacity of 225,000 barrels of oil per day (bpd) and a processing capacity of 10 million cubic metres of gas.
According to Petrobras, the vessel design, standardised between the two units, represents “a step in the technological evolution” for the reduction of greenhouse gas emissions. The design places emphasis on the introduction of the ‘All Electric’ concept in projects of this size, which consists of an engineering concept for more efficient power generation.
“The project allows a 30% reduction in the intensity of greenhouse gas emissions per barrel of oil equivalent produced,” the Brazilian state company added.
The reduction is due to the benefits of the All Electric configuration, optimisations in the processing plant for increased energy efficiency, and the incorporation of several technologies: zero routine venting (recovery of vented gases from the cargo tanks and processing plant), deep sea water harvesting, use of variable speed drives on pumps and compressors, cogeneration (waste heat recovery unit), zero routine flaring (recovery of gases from the flare – closed flare), and valves with requirements for low fugitive emissions and the capture, use, and geological storage of CO2 from the produced gas.
Petrobras as the operator holds a 65.7% share in the Atapu shared reservoir alongside Shell with 16.7%; TotalEnergies with 15%; Petrogal with 1.7%, and the Brazilian Government, represented by Pré-Sal Petróleo S.A. – PPSA with 0.9%.
For the Sépia shared reservoir, Petrobras holds a 55.3% share as operator; TotalEnergies with 16.9%; Petronas Petróleo Brasil Ltda. with 12.7%; QatarEnergy with 12.7%; Petrogal with 2.4%.
In both reservoirs, Pré-Sal Petróleo S.A. – PPSA acts as manager of the sharing contract.
Petrobras plans to place 18 FPSOs offshore Brazil in the next five years, according to its 2023-2027 Strategic Plan. Most of them are earmarked for pre-salt fields.
Petrobras also plans to drill 42 wells in the period 2023-2027, to add to its reserves, among the largest in the world.
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Post by Blitz on Jan 4, 2023 7:59:03 GMT -5
Petrobras tendering for more presalt Brazil standardized FPSOs Jan. 3, 2023 www.offshore-mag.com/rigs-vessels/article/14287768/petrobras-tendering-for-more-presalt-brazil-standardized-fpsosCourtesy Divulgação Petrobras - The platforms P-84 (pictured) and P-85 will each have a daily production capacity of 225,000 bbl of oil and processing capacity of 10 MMcm of gas. RIO DE HANEIRO, Brazil – Petrobras has initiated the contracting process for two new FPSOs for the Atapu and Sépia shared reservoirs in the presalt Santos Basin offshore Brazil. The company expects to receive bids in July 2023 and to start production in 2028. The new P-84 (Atapu) and P-85 (Sépia) platforms will each have a production capacity of 225,000 bbl/d of oil and gas processing capacity of 10 MMcm/d. Their standardized design will include Petrobras’ all-electric concept, which targets more efficient power generation, along with process plant optimizations for increased energy efficiency. Other features are technologies for zero routine venting (recovery of vented gases from the cargo tanks and processing plant); use of variable speed drives for the pumps and compressors; co-generation (waste heat recovery); zero routine flaring (recovery of gases from the flare - closed flare); valves designed for fugitive emissions; and capture, use and subsurface storage of CO2 from the produced gas. Following Brazil’s second round of bidding for the surplus volumes, Petrobras now has a 65.7% interest in the Atapu shared reservoir, the remainder split between Shell, TotalEnergies, Petrogal and state-owned Pré-Sal Petróleo S.A. (PPSA). For the Sépia shared reservoir, Petrobras’ operated stake is 55.3%, with partners TotalEnergies, Petronas, QatarEnergy and Petrogal. PPSA acts as manager of the production sharing contracts for both reservoirs. In a separate development, Petrobras has signed an Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil. This will allow CNOOC to send its share of gas from the Búzios Field in the Santos Basin through any of the SIE-BS export pipeline routes and to process the gas owned by Petrobras. The SIE-BS comprises routes 1, 2 and 3 for production from the Santos Basin presalt cluster fields, while the SIP covers the connected processing plants onshore in Caraguatatuba, São Paulo, Cabiúnas and Itaboraí (under construction). 01.03.2023
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Post by Blitz on Jan 4, 2023 8:54:35 GMT -5
Armada Sterling V FPSO poised to kick-start production from flagship ONGC asset Hook-up of the floater completed, start-up expected this quarter 4 January 2023 - By Nishant Ugal in New Delhi www.upstreamonline.com/field-development/armada-sterling-v-fpso-poised-to-kick-start-production-from-flagship-ongc-asset/2-1-1382821The Armada Sterling V floating production, storage and offloading vessel built at Singapore’s Sembcorp Marine yard is preparing to kick-start oil and gas production for Oil & Natural Gas Corporation (ONGC) at the Cluster 2 region in its KG-DWN-98/2 asset off India’s east coast. Shapoorji Pallonji Oil & Gas (SP Oil & Gas), FPSO contractor for the deep-water scheme, on Wednesday confirmed the development and said the project “has achieved a significant milestone of hook-up” for the Armada Sterling V offshore Kakinada. “She is now prepared to receive hydrocarbons from the field for processing,” the company noted. While SP Oil & Gas did not specify when precisely the FPSO is expected to start production, industry sources have suggested it would commence within weeks. “We are hopeful that Armada Sterling V will begin production in the current financial quarter (January to March),” one source said. The FPSO operator said that despite challenges due to inclement weather, the FPSO hook-up was achieved “in one of the fastest lead times”. “On 27 December 2022, India’s largest FPSO was safely hooked up,” it stated. Successful hook-up SP Oil & Gas said that with the successful conclusion of the hook-up activity, the company is “now ready to commence commissioning of the FPSO”. “ONGC is expediting its subsea activities and is expected to provide hydrocarbons soon, enabling the FPSO to achieve first oil and commence production for the nation,” the contractor said. The floater is jointly owned by a pairing of SP Oil & Gas and Malaysia’s Bumi Armada. The Indian player holds a 70% stake in the FPSO, while Bumi Armada has the remaining 30%. Armada Sterling V has 13 modules and central pipe racks, weighing over 20,000 tonnes, with a processing capacity of about 60,000 barrels per day of liquids and 3 million cubic metres per day of gas. “It will be the largest floater in Indian waters, measuring 321 metres in length and 60 metres in width, with a storage capacity of over 800,000 barrels,” the FPSO player earlier said. The floater is designed for continuous operations in waters with maximum wave heights of more than 27 metres. In addition to the new floater, the joint venture of SP Oil & Gas and Bumi Armada operates two FPSOs — Armada Sterling and Armada Sterling II — off India’s west coast. KG-DWN-98/2 development ONGC is spending more than $5 billion on developing the Cluster 2 region of the flagship deep-water asset, which is expected to produce up to 16.6 MMcmd of gas and 78,000 bpd of oil.
In October 2018, McDermott, Baker Hughes and L&T were jointly awarded a $1.69 billion engineering, procurement, construction and installation contract for the subsea scope of the Cluster 2 project.
ONGC hits key milestone for prized deep-water asset Read moreThe integrated contract — the biggest-ever subsea award by ONGC — included 26 deep-water trees and the installation of subsea umbilicals, risers and flowlines in water depths of up to 1300 metres, Upstream understands.
A grouping of India’s Afcons and Malaysia’s Sapura Energy is separately involved with an engineering, procurement and construction contract involving the project's offshore central processing facility, but the project has hit a rough patch owing to Sapura’s financial woes.
More clusters targeted
In addition to the Cluster 2 area, ONGC has been planning to start development of the KG-DWN-98/2 block’s Cluster 1 and Cluster 3 regions, but no timeframe has been declared for those developments.
At peak, the deep-water asset is expected to produce more than 35 MMcmd of gas and 78,000 bpd of crude, when all three clusters are brought on stream.
Block KG-DWN 98/2 lies offshore the Godavari River delta in the Bay of Bengal. It is located 35 kilometres off the Andhra Pradesh coast in water depths ranging from 300 to 3200 metres.
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Post by Blitz on Jan 5, 2023 16:58:27 GMT -5
Fangtooth oil discovery may justify Guyana’s 7th platform, Hess CEO brazilenergyinsight.com/2023/01/05/fangtooth-oil-discovery-may-justify-guyanas-7th-platform-hess-ceo/(Reuters) – The Fangtooth oil discovery in Guyana’s waters is big enough to potentially require a platform for itself, which would be the seventh in the country, Hess Corp (HES.N) Chief Executive Office John Hess said in a conference on Thursday. Hess Corp is part of the Exxon Mobil Corp-led (XOM.N) consortium that has confirmed so far plans for six floating production vessels in the South American country. The six units will lead to an estimated output of 1.2 million barrels of oil and gas per day by 2027, Hess said. “Fangtooth itself could potentially be the seventh boat,” Hess said at a Goldman Sachs energy conference. Guyana currently has two operating platforms producing more than 360,000 barrels per day. A third production vessel is planned to start pumping oil at the end of this year. Its construction in Asia is 93% complete, Hess said. Hess’ operations in Guyana and the Bakken basin in the United States, will take up 80% of the $3.7 billion the company plans to invest this year, the CEO said. The United States can lift total oil production to 13 million to 13.5 million bpd before output plateaus, Hess said. Shale production should plateau in 2025 or 2026, he added.
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Post by Blitz on Jan 6, 2023 9:37:39 GMT -5
Excerpt: brazilenergyinsight.com/2023/01/06/2023-forecast-led-by-brazil-offshore-oilfield-services-spending-to-rise/Growth in South America will be concentrated in the deepwater areas of Brazil and Guyana, led by Petrobras and ExxonMobil, with shelf activity only accounting for a small minority of the capital spending. Rather than shallow-water platforms, these developments will require massive floating production, storage and offloading (FPSO) vessels and complex subsea production systems. Based on standardized hull, topside, and mooring designs by SBM Offshore and MODEC, the largest newbuild FPSOs feature up to 2.3 million barrels of storage and 50,000 tonnes of topsides. Globally, seven FPSO projects have been awarded this year, with an additional 15 to be awarded in 2023 and another 12 in 2024 (Figure 3).Brazil has been the dominant FPSO market over the past several years with just over one-third of FPSO awards over the 2017 to 2024 period. In addition to four projects in Brazil, next year will see three awards in the UK, two in Guyana, and two in Angola. In South America, subsea capex is expected to exceed $10 billion as these operators build out the infrastructure needed to support massive offshore oil fields such as Buzios, Bacalhau, and Jubarte in Brazil and Yellowtail, Payara, and Pacora in Guyana. Courtesy Rystad Energy With crude oil and natural gas prices expected to stay elevated through 2023, offshore spending on oilfield services will further extend beyond 2022 levels. State operators aiming to extract valuable resources in advance of the eventual energy transition will lead the way, along with international majors which now feel confident investing in long-cycle offshore projects in core basins to grow production in a high-price environment.
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Post by Blitz on Jan 8, 2023 7:27:31 GMT -5
Petrobras intends to launch tender for the charter of FPSOs for Sergipe Aguas Profundas in January 01/07/23 brazilenergyinsight.com/2023/01/07/petrobras-intends-to-launch-tender-for-the-charter-of-fpsos-for-sergipe-aguas-profundas-in-january/(PH) Petrobras to launch as soon as possible the notice for the charter of the two Floating Storage and Transfer Units (FPSOs) for Sergipe Aguas Profundas (SEAP). According to the website, the state-owned company intended to publish the notice at the end of last year awaiting the approval of the project’s partners, the companies Bharat Petroleum and Videocon. According to sources, all the necessary internal procedures for the SEAP project have already been defined and approved by the Brazilian oil company, and a meeting has been scheduled with the two partners for this week, in order to speed up the viability of the process. The date for the publication will probably be defined after the meeting with the companies. For the Secretary of State for Economic Development and Science and Technology (Sedetec), Valmor Barbosa, it is of extreme interest to the Government of Sergipe that the issue be resolved as soon as possible. “It is a grandiose project, and the state will reap many benefits from it. Resolving this impasse is another step taken towards the realization of Sergipe Aguas Profundas”, he said. Sergipe Deep Waters The Sergipe project will have two modules, each with an FPSO. The first unit has the capacity to produce 120,000 barrels of oil per day and 10 million cubic meters of natural gas per day. The second unit will be slightly larger, with a capacity of 120,000 barrels of oil/day and 12 million cubic meters of gas/day. In addition, SEAP will have a 128 km long gas pipeline, 100 km at sea and 28 km on land. The planning for the start of SEAP production was originally for 2026, however, after the cancellation of the first tender, the forecast is that it will only start in 2027. The platforms will serve the fields of Budião, Budião Noroeste, Budião Sudeste, Palombeta, Mackerel, Agulhinha and Agulhinha West. The executive superintendent of Sedetec, Marcelo Menezes, highlights the importance of the project for the state. “It is a great moment that Sergipe is living. We put a lot of effort into making this project a reality. Therefore, we will be monitoring and informing society of updates on the stages it is in”, he reinforces.
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Post by Blitz on Jan 16, 2023 16:00:52 GMT -5
Exxon Set to Order Fifth Guyana FPSO, Sizing up More Blocks
Jan 16, 2023 brazilenergyinsight.com/2023/01/16/exxon-set-to-order-fifth-guyana-fpso-sizing-up-more-blocks/
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview.
The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp and CNOOC Ltd. The latest development will cost about 27% more than the last, a new estimate showed, reflecting inflation and the larger scope of the project.
The consortium aims to pump 1.2 million barrels of oil and gas per day by 2027 from all the developments, according to Hess, nearly triple last year’s peak output.
Guyana has emerged as the world’s fastest-growing oil region since Exxon made its first offshore discovery in 2015. The consortium has found about 11 billion barrels of oil and gas. Guyana estimates its fields could hold 25 billion barrels and aims to produce 1.64 million bpd by the end of the decade.
Exxon’s proposed fifth development, at an oilfield called Uaru, would pump about 250,000 barrels of oil per day at peak. It would be the consortium’s largest and most expensive project, outstripping the $10 billion cost of the fourth project.
“Maybe more, the market is getting hot,” Routledge said, referring to energy-industry inflation driving up prices for services and materials. “The team is working hard to keep the cost down, but it will be hard to keep it below that,” he said.
The development will cost about $12.68 billion, according to an estimate prepared for Guyana’s Environmental Protection Agency, 27% more than Exxon’s fourth development. Its oil would start flowing in 2027 and continue for 20 years, according to the Guyana government’s estimate.
Guyana last week estimated the project would require up to 600 workers at the peak of drilling activity, and employ up to 160 people thereafter. The project will release about 1 million tons per year of carbon dioxide emissions, it forecast.
Exxon has submitted a development plan for the oilfield, and an initial construction contract was awarded last fall to Japan’s Modec Inc. If the plan is approved by Guyana’s government, the consortium could sanction spending on the project about April, Routledge said.
April is when Guyana is due to hold its first competitive auction for new exploration areas. Exxon will consider bids on new blocks, the country chief said.
“Of course, we will look at it,” Routledge said, adding “it would be premature to say yes or no” to participation before the country releases the full terms of new production contracts.
The country disclosed last year a fiscal regime which raises Guyana’s share of oil riches to 27.5%, from 14.5%, through a mix of royalties and shared production. But it has yet to update the production sharing agreement for the blocks. Companies are weighing their own geological data on the areas.
MORE COMPETITION?
Exxon and its partners inaugurated Guyana’s production in 2019 and today deliver all the oil output in country, from their 6.6-million-acre (26,800 sq km) Stabroek block.
Areas on offer could potentially double the offshore acreage under exploration by the Exxon consortium. Licenses will cost between $10 million for the 11 blocks in shallow water, and $20 million for the three in ultra-deep-water. The 14 blocks up for grabs cover about 2,000 sq km each.
The government wants the auction to reduce its dependence on Exxon and partners, which have become the lynchpin in a transformation to industrial from agriculture-based economy.
Guyana President Mohamed Irfaan Ali visited India last week to try to entice private companies and the government to join its oil business. Joint technical groups will explore bilateral cooperation, Ali said.
“Apart from the auction, we are discussing government-to-government partnership in a number of areas including exploration,” Ali said.
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Post by Blitz on Jan 19, 2023 8:17:21 GMT -5
Perenco Brazil’s FSO ‘sets sail” to Pargo Cluster offshore Brazil World Oil Staff January 18, 2023 www.worldoil.com/news/2023/1/18/perenco-brazil-s-fso-sets-sail-to-pargo-cluster-offshore-brazil/(WO) — Perenco Brazil announced that the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, left Dubai and is on its way to the Pargo Cluster in the Campos Basin offshore Brazil. Once moored on location, the FSO will be central to the extension of Perenco Brazil’s offshore performance. FSO Pargo setting sail to Pargo Cluster offshore Brazil Parenco Brazil's "FSO PARGO" “FSO Pargo”, a double-hull vessel built in 2004 that has a 750,000 bbls storage capacity, is expected to be on location in March, moored in April and operational in August 2023, following final licensing approval. The FSO conversion work began in September 2021 at DryDocks World, Dubai, to extend its service life by 20 years, adapting the vessel to the Brazilian standards and including modifications, such as the installation of an external turret mooring system, a helideck, a metering skid, an extra crane, a new offloading system and export line. Commenting on today’s announcement Yves Postec, General Manager, Perenco Brazil, said, “We are pleased to confirm the sail away of the FSO, which is a key part of Perenco Brazil’s $400 million Pargo Development Plan. Perenco´s deep technical expertise in the successful operation of mature fields has been clearly evident in the Pargo Cluster, where we have now completed three years of safe operations.” Pargo Cluster Development Plan Daily production from the Pargo Concession, which comprises the Pargo, Carapeba and Vermelho fields is now approximately 12,000 bopd, an increase of almost 300% from the 2,800 bpd when Perenco Brazil took over the Pargo Cluster in October 2019. Since that time, Perenco Brazil has focused on resuming operations, redeveloping the cluster and continuing to deliver multiple important investment projects as part of the Pargo Cluster Development Plan. These include an ambitious work plan for 2023: installation in January of two new pipelines from the Carapeba and Vermelho fields to the Pargo units intensive well works with up to three simultaneous workover units in operation the upgrade of the Pargo water treatment system resuming operation of the Vermelho 1 and 2 platforms reservoir assessments for potential new plays. Combined, these projects will contribute to the company's continuing organic growth in Brazil and will enable the next production milestone of 15,000 bpd by the end of 2023. Perenco Brazil holds a 100% stake in the Pargo Concession. The Pargo Development Plan was formally approved by the Brazilian authorities in early 2021, along with extending Perenco’s rights on the concessions until 2040.
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Post by Blitz on Jan 22, 2023 8:49:27 GMT -5
Production Floater Market Outlook Brightening Jim McCaul, Contributor - January 19, 2023 www.oedigital.com/news/502315-production-floater-market-outlook-brighteningIMA provides market analysis and strategic planning advice to companies in the... IMA/WER has just completed its Annual Review and Five-Year Forecast of Orders for Floating Production Systems. The report: •provides a detailed look back at developments in the deepwater sector over the past year, •assesses 12 underlying market drivers that will determine the pace of production floater orders over the next five years, •identifies specific projects in the planning queue that will likely require a production floater and •forecasts the number of orders and capex for production floaters between 2023 and 2027. There has been a strong recovery in the deepwater sector, and the business environment is now much different than a few years ago. Crude oil prices have rebounded to the $80s+, and upstream operators are reporting record profits. Operators are still holding back on major increases in capital spending, but this is changing. Oil prices have risen to levels that support investment in new facilities, and capex budgets are slowly expanding. The profit opportunities are too great to pass up. Meanwhile, orders for production floaters have returned to historic pace, and a large backlog of deepwater projects has developed. More than 200 projects in the planning stage are likely to require a floating production system for field development over the coming decade. The backlog includes approximately 60 projects requiring an FPSO within the next five years. Overall, we see the deepwater sector in 2023/27 entering a period of sustained strength and expansion. This despite the attention now being paid to transition away from fossil fuel. As we discuss in our annual review, the alternatives to fossil fuel are costly and less reliable. Fossil fuel will be required for the foreseeable future – and deepwater resources will remain a key source of future oil and gas supply.
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Post by Blitz on Jan 23, 2023 9:22:36 GMT -5
Right now this is shallow water gas, but it looks like it has the potential to become a deepwater spot too. A US Geoligical Survey points to potential in spots with seas depths of 2000 meters. BP plans to be working here for 50 years. And now this... FPSO for bp-operated Greater Tortue Ahmeyim project sets sail By OilNOW - January 23, 2023 oilnow.gy/featured/fpso-for-bp-operated-greater-tortue-ahmeyim-project-en-route-to-project-site/The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. On Monday, bp said the FPSO set sail on 20 January 2023 from Qidong, China after successfully completing a series of sea trials following construction over the past three and half years. It will now travel 12,000 nautical miles via Singapore to its final destination – around 40km offshore on the maritime border of the neighbouring countries. The FPSO is a key part of the major integrated GTA development that also includes subsea development of gas fields and near-shore floating LNG (FLNG) facilities. The project’s first phase is set to produce around 2.3 million tonnes of LNG per year. Trinidad to negotiate with Shell, BP on bids for deepwater blocks “This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action,” said Gordon Birrell, bp’s executive vice president of production and operations. Rahman Rahmanov, bp’s vice president projects for Mauritania & Senegal said the company is developing one of the world’s most unique and innovative gas projects and the FPSO forms one of the most important components. “Achieving the successful sail away of the GTA Phase 1 FPSO is a testimony to the tremendous partnership with our contractors Cosco Shipping and Technip Energies. By working together as one team, we have been able to create a culture of resilience and focus on safe delivery. We have relentlessly focused on safety, quality, and delivery.” The FPSO will process natural gas – removing condensate, water, and other impurities – before exporting it by pipeline to the project’s FLNG facilities, 10km offshore. With eight processing and production modules, the FPSO will process around 500 million standard cubic feet of gas per day. The majority of the gas will be liquefied by the FLNG facilities, enabling export to international markets, while some is allocated to help meet growing demand in the two host countries. Condensate will be periodically transferred from the FPSO to shuttle tankers for export to market. The FPSO, which will sit in about 120m of water, will have up to 140 people on board during normal operation and serve as home for the project’s production team. With an area equivalent to two football fields and 10-storeys in height, the FPSO is made of more than 81,000 tonnes of steel, 37,000m of pipe spools and 1.52 million meters of cable. It has also undergone more than 330,00 inspections. BP Oil wins one-year contract to market Guyana’s Liza crude “This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action,” said Gordon Birrell, bp’s executive vice president of production and operations. “The team has delivered this in a challenging environment, including through COVID, always keeping safe operations at the heart of what they do. With the continued support of our partners, Societé Mauritanienne des Hydrocarbures in Mauritania, Petrosen in Senegal and Kosmos Energy, we remain committed to helping both countries to develop their world-class resources in a sustainable way.” GTA Phase 1 marks the beginning of a project that is expected to have a lasting and positive impact for generations to come. bp and the governments of Mauritania & Senegal already have a long-standing and wide-ranging cooperation encompassing the GTA project and other potential energy developments. In October 2022, bp announced the signature of an Exploration and Production Sharing Contract for the BirAllah gas resource in Mauritania. Most recently, it signed a Memorandum of Understanding (MoU) with the Government of Mauritania to deliver a programme exploring the potential for large-scale production of green hydrogen in the country. In addition, bp continues to work with partners on the development of a major gas to power project in Senegal – Yakaar Teranga. ##### Background information excerpt: www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/emma-delaney-mauritania-senegal-gas-development.htmlFuture potential: how Mauritania and Senegal are set to become new players in natural gas supply Release date: 8 May 2017 It’s not every day that a brand new global supply of energy is unlocked. But that is what BP, in partnership with Kosmos Energy, is striving to achieve with a project to bring newly discovered natural gas resources off the coast of Mauritania and Senegal onto the world market. Following the announcement of a major offshore gas find, BP Magazine talks to regional president Emma Delaney about setting up operations Mauritania and Senegal represent a new region for BP. What is involved in starting a business from scratch? Most of all stamina! The key thing is to quickly understand the business context and then to establish strong relationships with partners and the governments, helping people understand who we are and how we work. It’s important to have clear objectives across all the areas, from establishing in-country presence, to developing resources and delivering associated economic benefits. You are working in partnership with Kosmos Energy. How did that come about? Kosmos is a great explorer and in 2015 they made significant discoveries in Mauritania and Senegal - the largest of which was the Tortue field, around 15 trillion cubic feet (tcf) of gas in high quality reservoirs. And there’s more to come; with four exploration wells drilling in 2017, we’re excited about future potential. To give you a feel for the scale of opportunity, we think there is the potential for up to 50 tcf of gas – that’s equivalent to all of Africa’s current gas production for nearly seven years. So it’s big – big enough for 30 to 50 years of production. ##### Assessment of the Undiscovered Oil and Gas of the Senegal Province, Mauritania, Senegal, The Gambia, and Guinea-Bissau, Northwest Africa By Michael E. Brownfield and Ronald R. Charpentier pubs.usgs.gov/bul/b2207-a/b2207-a.pdfU.S. Geological Survey Bulletin 2207–A
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Post by Blitz on Jan 28, 2023 7:50:55 GMT -5
PROSPERITY UPDATES: FPSO to set sail for Guyana in Q1 2023 – Hess By OilNOW - January 28, 2023 oilnow.gy/featured/prosperity-fpso-to-set-sail-for-guyana-in-q1-2023-hess/The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in Singapore in the first quarter of this year for Guyana where it will produce oil and gas for the next two decades. Hess’ President and Chief Operating Officer, Greg Hill, said the development of the Payara project, for which Prosperity will be used, is 93% complete. It remains ahead of schedule. Payara is the third project in the Stabroek Block and is expected to produce about 220,000 barrels of oil per day (bpd) after startup. Producing alongside Liza Phases 1 and 2, Payara will take production offshore Guyana to more than 580,000 bpd. Is the third FPSO to be built and operated by SBM Offshore. SBM Offshore aiming for ‘near-zero emissions FPSO’ by 2025 – CEO Hess expects about 55,000-60,000 bpd net from Payara, due to its 30% stake. Meanwhile, Hill said the fourth development, Yellowtail, is about 40% complete and remains on track for first oil in 2025. The hull for the ONE GUYANA FPSO, to be utilised for Yellowtail, is complete. Hill said it is expected to enter drydock in Singapore in April. “Topside fabrication activities have commenced and module fabrication sites in Singapore and China and development drilling is underway,” Hill added. The President also recalled that the development plan for the fifth project, Uaru, was submitted to Guyana authorities in November 2022, and that the sixth, Whiptail, is expected to be sanctioned early next year. By the time Whiptail achieves first oil, production offshore Guyana could be 1.3 million bpd. ExxonMobil is the Stabroek Block operator with a 45% stake, while Hess owns 30% and CNOOC owns 25%.
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Post by Blitz on Jan 30, 2023 8:25:21 GMT -5
Petrobras adding more FPSOs despite rising costs By OilNOW - January 30, 2023 oilnow.gy/featured/despite-spiked-price-tag-concerns-petrobras-still-adding-more-fpsos/Petrobras has been saddled with increased costs for floating production, storage, and offloading (FPSO) vessels, triggered by supply chain disruptions. Yet, the Brazil-state-owned company, in pursuing an aggressive production ramp-up, has four new vessels for start-up this year; a total of 18 planned over the next five years.This year, Petrobras will bring online the Anna Nery, Almirante Barroso, Anita Garibaldi and the Sepetiba vessels with the combined capacity to produce 480,000 barrels of oil per day (bpd). And thus far, three have already been delivered. The latest to arrive was the Anita Garibaldi MV33 vessel to be installed in Brazil’s Marlim Field in the Campos Pre-Salt Basin. It has the capacity to produce 80,000 bpd and seven million cubic metres of natural gas per day. The Anna Nerry will also be installed at the Marlim Field, with the capacity to produce up to 70,000 bpd and process up to four million cubic metres of gas per day. The new oil platform is said to be strategic for Brazil’s Campos Basin Renewal Plan, aimed at renewing mature assets operated by the company in the region. The units are part of the Marlim revitalization project, which involves the replacement of 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. There is also the Almirante Barroso MV32 for Brazil’s Búzios field. The vessel has the capacity to produce up to 150,000 bpd and six million cubic metres of gas daily. The final vessel is the Sepetiba, the largest by production capacity. The vessel, costing some US$1.6 billion will have a processing capacity of up to 180,000 bpd, 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 also plans to drill 42 wells in the period 2023-2027, to add to its reserves, among the largest in the world.
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Post by Blitz on Jan 30, 2023 12:44:53 GMT -5
bp to receive Tortue Ahmeyim FPSO Jan. 23, 2023 - Alex Procyk www.ogj.com/exploration-development/article/14288617/bp-to-receive-tortue-ahmeyim-fpsoThe floating production, storage, and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) LNG project set sail Jan. 20. The FPSO left the COSCO shipyard in Qidong, China, following completion of a series of sea trials after 3.5 years of construction. It will travel 12,000 nautical miles via Singapore to its destination 75 miles offshore on the maritime border of Mauritania and Senegal in 9,350 ft of water. The FPSO is part of the GTA development that also includes subsea development of gas fields and floating LNG (FLNG) liquification 10 km offshore. The FPSO will process natural gas, removing condensate, water, and other impurities. Most of the gas will be liquefied by the FLNG, enabling export to international markets, while some is allocated to help meet growing demand in the two host countries. Condensate will be periodically transferred from the FPSO to shuttle tankers for export to market. With eight processing and production modules, the FPSO will process around 500 MMscfd. The project’s first phase is set to produce around 2.3 million tonnes/year of LNG. Tortue Ahmeyim field development is on the C-8 block offshore Mauritania and the Saint-Louis Profond block offshore Senegal. The field holds estimated gas resources of 15 tcf. The integrated gas value chain and near-shore LNG development will export LNG to global markets as well as supplying gas to Senegal and Mauritania (OGJ Online, Oct. 1, 2020). bp operates Tortue with 61%. Partners are Kosmos 29%, Senegal-state Petrosen 5%, and Mauritania state firm SMHPM 5%.
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Post by Blitz on Jan 31, 2023 7:58:25 GMT -5
Stabroek partners looking to up Liza Unity production in Q4 2023 By OilNOW - January 31, 2023 oilnow.gy/featured/stabroek-partners-looking-to-up-liza-unity-production-in-q4-2023/After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer, Greg Hill, said downtime has been included in its production guidance for Guyana. He said the expectation from debottlenecking could be a 10% upside, but noted that the capacity will ultimately be determined, depending on the vessel. The partners are still in the early stages of engineering this optimisation activity. “You typically want a year of dynamic data before you engineer the project to understand where the pinch points are on the vessel,” the Hess President explained. Production on the Liza Destiny was successfully optimised in 2022. The FPSO’s revised output is 140,000 barrels per day (bpd), up from the initial 120,000 bpd, though it has demonstrated capacity to sustain production over 150,000 bpd. The Destiny and Unity vessels have combined nameplates of 360,000 bpd. The partners are expected to pursue debottlenecking for each FPSO brought on at Stabroek. So far, there is a line of sight for six operating simultaneously by 2028, with production levels exceeding 1.2 million bpd. It is expected that around 10 FPSOs will be in operation on the block by the end of the decade. ExxonMobil is the operator with a 45% stake. Hess owns 30% and CNOOC owns 25%.
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Post by bjspokanimal on Jan 31, 2023 22:13:41 GMT -5
With Brazil starting up 4 FPSO's this year, they have to get a lot of production wells ready for them. The newly contracted Transocean Orion and KG2 drillships will help make that happen.
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Post by KingRig2.0 on Feb 1, 2023 1:10:27 GMT -5
With Brazil starting up 4 FPSO's this year, they have to get a lot of production wells ready for them. The newly contracted Transocean Orion and KG2 drillships will help make that happen. where do you think the next Transocean contract comes from? Brazil, Guyana, Gulf, or ONGC???
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Post by Blitz on Feb 1, 2023 9:09:32 GMT -5
Excerpted talking points for selling a more in-depth report. The excerpted verbiage mostly pointing to increased demand for offshore oil & gas that will require more FPSOs and more deepwater floaters to support them. And now this... FPSO Market Size To Hit USD 17.30 Billion By 2027 | Exhibiting A CAGR Of 14.3% Date 1/31/2023 9:01:38 AM menafn.com/1105502005/FPSO-Market-Size-To-Hit-USD-1730-Billion-By-2027-Exhibiting-A-CAGR-Of-143(MENAFN- GlobeNewsWire - Nasdaq) Pune, India, Jan. 31, 2023 (GLOBE NEWSWIRE) -- According to latest report published by Fortune Business Insights, the global fpso market size was valued USD 13.06 billion in 2019. Worldwide growing demand for energy and new offshore reserves discovery boosting the growth of market. Also factors such as, growing preference for FPSOs over traditional fixed platforms and growing emphasis on environmental sustainability in the oil and gas industry contributing the growth of FPSO market. The global market size for FPSO market to grow worth USD 17.30 billion during forecast period of 2020 to 2027. Rising demand for cost-effective production solutions, increasing Deepwater exploration activities, growing preference for FPSOs over traditional fixed platforms, and advances in floating production technology are driving the growth of the FPSO market. Industry Development October 2020 – SBM Offshore announced the securing of a contract to deliver the Prosperity FPSO vessel to ExxonMobil that received government approval for its third offshore development activity in Guyana. As per the contract, SBM Offshore is likely to construct, install, and operate the floating production storage and offloading vessel. Request a Sample Copy of the Research Report: Geophysical Services Market Scope: Report Coverage Details Forecast Period 2020-2027 Forecast Period 2020 to 2027 CAGR 14.3% 2027 Value Projection USD 17.30 Billion Base Year 2019 Market Size in 2019 USD 13.06 billion Historical Data for 2016-2018 No. of Pages 220 Segments covered Storage Capacity; Water Depth; Construction Type; Hull Type; Ownership; and Region Growth Drivers Continuous Discoveries of New Offshore Reserves with High Output Potential to Augment Growth Increasing Energy Demand Globally to Aid Market Growth Drivers & Restraints: Increasing Demand for Hydrocarbons to Promote Growth Hydrocarbons are naturally-occurring compounds that help to produce water, carbon dioxide, and heat during their burning process. They are an important source of fuel and store a large amount of energy. Due to the fast depleting fossil fuels, hydrocarbons are vital for energy generation. Therefore, the growing demand for these compounds is expected to boost the adoption of FPSO units for exploration activities globally. In December 2020, Petrobras, a Brazil-based company, announced its discovery of a new oil reserve in the Santos Basin located offshore Brazil. Such offshore reserve discoveries propel the adoption of floating production storage and offloading vessels that will bode well for the global FPSO market growth in the forthcoming years. COVID-19 Impact The effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: Segmentation of Report: By Storage Capacity: Less than 1 MMBBLs 1-2 MMBBLs More than 2 MMBBLs By Water Depth: Shallow Water Deepwater Ultra-Deepwater Presence of Established Players in North America to Propel Growth Geographically, North America is expected to experience exponential growth in the global FPSO market in the forthcoming years. This is attributable to the presence of established manufacturers such as ExxonMobil, Chevron, and others that are focusing on developing advanced FPSO units in the region between 2020 and 2027. The market in Asia-Pacific is expected to showcase considerable growth backed by the increasing focus on discovering new offshore reserves to suffice the surging demand for energy in the region. Product Innovation by Prominent Companies to Brighten Their Market Positions The global market for FPSO is consolidated by the presence of major players that are focusing on developing innovative FPSO units to strengthen their market positions. In addition to this, other key players are adopting strategies such as merger and acquisition, collaboration, and facility expansion to maintain their presence in the fiercely competitive market in the forthcoming years. List of Key Players Present in the Market Petrobras (Brazil) CNOOC (China) Total (France) Royal Dutch Shell (Netherlands) Chevron (U.S.) ExxonMobil (U.S.) BP (UK) Equinor (Norway) Woodside Energy (Australia) Aker Solutions (Norway) Dana Petroleum Limited (UK) Vår Energi (Norway) Vietsovpetro (Vietnam) Eni (Italy) Dommo Energia (Brazil) Keppel Offshore & Marine (Singapore) BW Offshore (Norway) Teekay (Bermuda) Bumi Armada Berhad (Malaysia) SBM Offshore (Netherlands) Yinson Holdings Berhad (Malaysia) Bluewater (Netherlands) MISC Berhad (Malaysia) Modec Inc. (Japan) Rubicon Offshore (Singapore)
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Post by Blitz on Feb 3, 2023 10:21:52 GMT -5
Excerpt: SBM in initial pact with Chinese yard for Whiptail FPSO Dutch floater specialist books dry-dock at SWS for Fast4Ward floating production, storage and offloading vessel for offshore Guyana 2 February 2023 - By Xu Yihe in Houston www.upstreamonline.com/exclusive/sbm-in-initial-pact-with-chinese-yard-for-whiptail-fpso/2-1-1398160 SBM Offshore has lined up Chinese yard Shanghai Waigaoqiao Shipbuilding (SWS) to build the hull and living quarters for a large floating production, storage and offloading vessel potentially destined for operation offshore Guyana. Contracting sources familiar with the matter told Upstream that the Dutch floater specialist is involved in advanced talks with SWS for one floater that could be deployed on ExxonMobil’s Stabroek block. Sources said that SBM has already signed an initial agreement for the FPSO, that would exploit ExxonMobil’s Whiptail discovery at Stabroek, after paying to book a dry-dock at SWS’ Shanghai yard. ######### Looks like there will several more of these boats headed to the area... in a which came first the chicken or the egg scenario - except this is an FPSO or the drillship saga. And now this... Fast4Ward concept revolutionised offshore projects – SBM Offshore CEO By OilNOW - February 3, 2023 oilnow.gy/featured/fast4ward-concept-revolutionised-offshore-projects-sbm-offshore-ceo/SBM Offshore’s Fast4Ward® concept is transforming the way offshore projects are developed. “It really has changed the way we are doing projects in the industry,” said the company’s Chief Executive Officer (CEO), Bruno Chabas, during the Naming Ceremony for the Prosperity Floating Production, Storage and Offloading (FPSO) vessel in Singapore. The Dutch floater specialist is putting the finishing touches on the Prosperity – the second vessel to be built with the Fast4Ward® design. The first vessel was the Liza Unity. Both vessels are for developments in Guyana’s prolific Exxon-operated Stabroek Block and feature SBM Offshore’s new build, multi-purpose hull design combined with several standardised topside modules. SBM’s fastFast4Ward® concept is based on five key principles: engaging early with clients, standardisation, focus on flawless execution, partnering with the supply chain and use of digital solutions in today’s volatile environment. Because of it, the Liza Unity was the first FPSO to be awarded the SUSTAIN-1 notation. And Exxon plans to have every other Stabroek Block FPSO built with that very sustainable design.
Production vessels like the Liza Unity and the Prosperity support Exxon’s ambition to meet global energy demands while reducing air emissions. ######### Here you can see Exxon plans to be here for the long haul and it's a win-win situation. And now this... Value of Stabroek Block discoveries manifesting itself in country – Exxon CEO By OilNOW - February 3, 2023 oilnow.gy/featured/value-of-stabroek-block-discoveries-manifesting-itself-in-country-exxon-ceo/ExxonMobil’s Chairman and Chief Executive Officer (CEO) Darren Woods believes that the value created by its successes in Guyana are being manifested locally. Addressing investors during the company’s recent Q4 Earnings Call, he stated “…the importance of that resource and the value is manifesting itself in that country, which is really an important part of the equation. We have always said coming into this that this has to be a win, win, win proposition; it has to be a win for the country and a win for the government and a win for the people of Guyana [and that’s] why we [are] seeing a lot of jobs, a lot of economic opportunity opening up in Guyana.” Guyana’s oil and gas industry has opened a new wave of investment in the country, in spin-off sectors like construction, tourism and housing. Darren Woods – Chairman and Chief Executive Officer of ExxonMobil. But this is just the beginning. Exxon is also working with the government to bring its Gas-to-Energy project to life – one so significant, it will provide Guyana with cheaper electricity and pave the way for its manufacturing sector to rival others in the Caribbean. All this, with just two projects in operation in the Stabroek Block. Pretty soon, the third – Payara – will be up and running, ahead of schedule. Woods said that Exxon is working “ahead of expectation” to ensure every party benefits equally. “People are seeing the progress and the fact that we are bringing this on sooner and at a lower cost is a benefit to the government and they have recognised the values coming faster than originally anticipated,” he continued. Woods noted that ExxonMobil maintains a good working relationship with the government, to ensure “a win-win proposition.”“I feel good about the progress we are making.” Guyana recently presented a massive GY$781.9 billion (US$3.75 billion) budget for the fiscal year 2023, 26.7% of which is to be funded by oil revenues. The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil holds 45% interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest. So far, more than 30 discoveries have been made.
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Post by Blitz on Feb 24, 2023 12:26:05 GMT -5
More drillships need more FPSOs if you're finding oil. And now this... Two SBM Offshore’s FPSOs slated for first oil in 2023 – Long read brazilenergyinsight.com/2023/02/24/two-sbm-offshores-fpsos-slated-for-first-oil-in-2023-long-read/Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM Offshore outlined on Thursday, 24 February 2023, that its project teams had continued to operate in “a challenging environment including ongoing continuous global inflationary pressures and pandemic related constraints.” Bruno Chabas, CEO of SBM Offshore, commented: “2022 has been a challenging year for SBM Offshore, yet we were able to achieve good performance. We achieved record-level underlying EBITDA, driven by our strong backlog which also grew to a year-end record level following the award of FPSO One Guayana.” The company explains that construction activities continue to experience impacts, particularly with the expected temporary increase of positive cases in the country, despite the recent relaxation of COVID-19 measures in China, which should improve the mobility of personnel and material. Project teams are working “closely with client teams and contractors in seeking to mitigate the impacts on project execution,” highlighted the firm. “Undertaking the construction of six FPSOs in the current climate is challenging. Our yards in China have been disrupted by COVID-19 lockdowns and the war in Ukraine has contributed to logistical problems and inflationary pressure. This has impacted construction and operations, resulting in increased costs. The extent to which these impacts can be mitigated at the project level varies, however at the portfolio level, margins remain robust,” added Chabas. The FPSO operator also provided an update on individual project schedules, explaining that the integration and commissioning activities for the FPSO Sepetiba, which is destined for Petrobras’ Mero field in the Santos Basin offshore Brazil, are progressing and the project targets first oil in 2023. This FPSO is capable of producing up to 180,000 bpd and Petrobras intends to put another two units into operation on the field by 2025, bringing the total number of units at the Mero field to five and corresponding to 770,000 bpd of the installed capacity in the country. Currently, the FPSO Guanabara and the FPSO Pioneiro de Libra are used on the Mero field, which is Brazil’s third largest field by volume of oil in place, behind only Tupi and Búzios, also located in the pre-salt Santos Basin. Following the completion of integration and onshore commissioning activities, the FPSO Prosperity has safely departed from Singapore, according to SMB Offshore. The first oil is also anticipated in 2023. This FPSO will be chartered to the consortium of ExxonMobil, CNOOC, and Hess for operations offshore Guyana. The FPSO will work on ExxonMobil’s Payara development project, located approximately 200 kilometres offshore Guyana, targeting an estimated resource base of about 600 million oil-equivalent barrels. The Payara project is on track to come online by the end of 2023. The FPSO Prosperity is designed to produce 220,000 barrels of oil per day, with an associated gas treatment capacity of 400 million cubic feet per day and a water injection capacity of 250,000 barrels per day. It will be able to store approximately 2 million barrels of crude oil. Regarding the FPSO Almirante Tamandaré, SMB Offshore underlines that the Fast4Ward MPF hull is nearing completion at the yard while topsides fabrication is progressing well. The first oil is scheduled for 2024, as planned. The FPSO will be the sixth unit of the definitive system to be installed at Petrobras’ Búzios field in the Santos Basin, approximately 180 kilometres offshore Rio de Janeiro in Brazil. It will be capable of processing 225 thousand barrels of oil and 12 million cubic meters of gas per day. Furthermore, the FPSO Alexandre de Gusmão, which is expected to work for Petrobras on the Mero field in the Santos Basin offshore Brazil, will be the fourth definitive system to be installed in the Mero field. Based on the firm’s statement, the topsides fabrication and Fast4Ward MPF hull for this FPSO are progressing with the first oil slated in 2025. In October 2022, SBM Offshore confirmed the construction of topside modules for the FPSO One Guyana – the firm’s largest FPSO so far – started in September 2022. Two steel strike ceremonies were held in both Keppel FELS and Dyna-Mac yards to mark this milestone. The firm underlines that the topsides fabrication for this FPSO is progressing as planned while the first oil is expected at the end of 2025. This FPSO will be used for the fourth development within the Stabroek block, called the Yellowtail development project, which comprises six drill centres and up to 26 production and 25 injection wells. ExxonMobil sanctioned the project in April 2022 and followed it up with a contract confirmation with SBM for the supply of the FPSO for the project. Located some 200 km offshore Guyana, the deepwater wells will be tied back to the FPSO One Guyana for processing. The FPSO is expected to perform produced water treatment functions as well as oil separation and gas injection. The FPSO One Guyana will have an optimum production capacity of 250,000 barrels per day (bpd) of oil, a storage capacity of two million barrels of crude oil, a gas treatment capacity of 450 million ft³ a day, and a water injection capacity of 300,000 bpd. Under the Fast4Ward programme, seven MPF hulls have been ordered to date, says SMB Offshore, while adding that six have been allocated to projects and the exclusivity of the seventh MPF hull has been granted to ExxonMobil Guyana. 2022 brings good results despite challenges SMB Offshore’s fleet uptime in 2022 was 91.1 per cent, reflecting the shutdown of the FPSO Cidade de Anchieta. However, excluding this unit, the fleet’s underlying performance was above 97 per cent. In the last quarter of 2022, the company agreed on a contract extension related to the lease and operation of FPSO Saxi Batuque up to June 2024. “Operating performance remained healthy. We achieved delivery and flawless startup of FPSO Liza Unity at the beginning of the year, surpassing industry benchmarks. The overall performance of the fleet has been good from an efficiency, uptime, and emissions standpoint, capitalizing on our digital know-how. We safely restarted the FPSO Cidade de Anchieta at full production in December,” elaborated Chabas. Pursuing new energies As one of the energy transition players, SBM Offshore has invested in the development of technologies to increase its footprint in new energies, especially in floating offshore wind (FOW) with the Provence Grand Large (PGL) wind farm commercial pilot project progressing well. In 4Q 2022, the transition pieces linking the floater to the turbine mast were installed. The three turbines supported by the firm’s tension leg technology, projected to produce 25 MW, are scheduled for commissioning by the end of 2023. The project, jointly owned by EDF Renewables and Maple Power, will account for approximately 10 per cent of the worldwide installed floating wind electricity generation capacity in 2023. Capitalising on this experience, SMB Offshore has identified improvements for future designs, which are captured by the Float4Wind concept, the second generation of the firm’s floating wind technology. As the firm believes that the FOW market will take time to materialise, it is co-developing FOW projects and securing seabed rights and relevant permits, together with partners, to better understand the market and accelerate new technologies deployment. In parallel, leveraging its experience and expertise in floating energy solutions, SBM Offshore is investing in the development of other new technologies to facilitate the energy transition. In the near term, the company is seeking to provide offloading terminal solutions for CO2 and to adapt existing terminal solutions for future fluids such as ammonia. “Our New Energies business is delivering tangible results: construction of the three floating foundations for the 25 MW Provence Grand Large offshore floating wind project is nearing completion. The project is scheduled for commissioning before the end of 2023 and we are already leveraging learnings as we conceptualise future designs,” emphasised Chabas. Net-zero targets In support of its 2050 net-zero ambition, SBM Offshore has created new intermediate targets, thus, the firm is targetting net-zero on scope 1 and 2 emissions and a 50 per cent reduction of GHG intensity on scope 3 as well as zero routine flaring by 2030. The company has been developing an emissionZERO programme since 2020 to reduce emissions. In 2022, SBM Offshore developed an all-electric drive FPSO, which it sees as “a key contribution” to developing a near-zero emission FPSO, planned to be market-ready by 2025. “We are driving progress towards our 2030 targets of reducing emissions intensity by 50 per cent per barrel of oil produced and developing innovative lower-carbon, new energy and digital technologies. Industry pacesetting and ‘doing things right’ at all levels of the organization is what SBM Offshore does and will continue to do. It is our contribution to the energy transition,” concluded Chabas.
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Post by Blitz on Feb 25, 2023 10:50:46 GMT -5
SBM Offshore on track to meet FPSO delivery deadlines despite pandemic By OilNOW - February 25, 2023 oilnow.gy/featured/sbm-offshore-on-track-to-meet-fpso-delivery-deadlines-despite-pandemic/In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic at its yards in China and spin-off effects of the Russian war on Ukraine. China’s pandemic measures have been relaxed but a surge of new positive cases could threaten works. SBM Offshore is confident and said that safeguards are being derived to mitigate impacts on project executions. For Brazil’s FPSO Sepetiba, SBM Offshore said that integration and commissioning activities are progressing with first oil targeted later in 2023. The company said too that Fast4Ward MPF hull for the FPSO Almirante Tamandaré is nearing completion while its topside fabrication is progressing. The vessel is on track for its 2024 start-up. There is also the FPSO Alexandre de Gusmão for Brazil which SBM Offshore said fabrication works on the topside are still continuing. First oil is expected in 2025. Guyana’s Prosperity FPSO for its Payara development in the Stabroek Block has departed Singapore following the integration of the topside modules, riser and mooring structures and onshore commissioning. SBM Offshore said it is en route to Guyana waters, where its local team will install the vessel on the Payara field. The vessel is designed to produce up to 220,000 barrels of oil per day. It has an associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. It will be moored in 1,900 metres of water and will be able to store two million barrels of crude oil and start-up is expected later this year. There is also the ONE GUYANA vessel for Guyana’s Yellowtail development. SBM said that the topsides fabrication is advancing with first oil expected at the end of 2025. SBM Offshore has also received orders for seven new Fast4Ward MPF hulls, with ExxonMobil Guyana granted exclusivity on the seventh.
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Post by Blitz on Feb 27, 2023 8:10:26 GMT -5
Dutch FPSO builder focusing efforts on Guyana, Brazil markets By OilNOW - February 27, 2023 oilnow.gy/featured/dutch-fpso-builder-focusing-efforts-on-guyana-brazil-markets/Guyana and Brazil remain key to Dutch floater specialist, SBM Offshore. The company in its 2022 Annual Report outlined that it is taking a “disciplined and selective” approach to market opportunities, focusing on the main floating, production, storage and offloading (FPSO) vessel markets in the South American oil producing nations. SBM Offshore announces new brand positioning | OilNOW Both markets, according to SBM Offshore, provide “double resiliency” – relatively low break-even prices and low greenhouse gas emission intensity. Of the two countries, Brazil takes up the lion’s share of SBM’s fleet portfolio, with nine vessels. Dutch company advancing construction of Brazil high-capacity floaters Six of those vessels are already built and operating, while three – FPSO Alexandre de Gusmão; FPSO Sepetiba and the FPSO Almirante Tamandaré are under construction. SBM Offshore has so far been tasked with delivering all of the production vessels for approved projects in Guyana – four to date. The company said it is also looking to develop business in other adjacent regions. Neighbouring Suriname and Barbados are looking to start up offshore oil and gas production. Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels Looking ahead, SBM Offshore anticipates that around 35 FPSO projects could reach final investment decisions between this year and 2025.
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Post by Blitz on Mar 12, 2023 7:38:48 GMT -5
This also means more drillships will be needed because Guyana wants the E&P done as fast as possible. And now this... More FPSOs may be needed as Guyana’s Stabroek Block discoveries grow – Hess boss OilNOW - March 12, 2023 oilnow.gy/featured/more-fpsos-may-be-needed-as-guyanas-stabroek-block-discoveries-grow-hess-boss/Given the industry-leading rate of discoveries in the Stabroek Block, there may be a need for more than 10 floating, production, storage and offloading (FPSO) vessels to take off the resources. This was confirmed by Hess Corporation’s Chief Executive Officer (CEO), John Hess. During his participation at the 51st Annual Scotia Howard Weil Energy Conference on March 8, the CEO was asked to say if the initial projection of 10 FPSOs is conservative, especially when a number of factors are considered. For greater perspective, it was noted by moderating officials that 11 billion barrels of oil equivalent resources were uncovered in the block with the addition of 10 discoveries last year. Assuming those discoveries take the resource base to a modest 12 billion barrels, it therefore means more ships could be needed. Another significant point of interest is that ExxonMobil’s four sanctioned projects along with two in the pipeline for regulatory review and approval, only take off about 4.9 billion barrels. This leaves 7.1 billion barrels for off-take by four ships. Importantly, this resource base could grow even further as ExxonMobil Guyana is pursuing a 35-multi-well exploration and appraisal programme in the Stabroek Block. With the foregoing factors in play, Hess said, “There is definitely potential for the discovered resource to go up and for the 10 FPSO number to go up.” He also said it is important for the market to understand that Exxon is matching exceptional operational performance with reservoir monitoring. In this regard, he noted that there are two FPSOs, the Liza Destiny and Liza Unity which are currently producing in the range of 400,000 barrels of oil per day (bpd). He noted as well that this production level is beyond the nameplate capacity for the ships too. Hess noted that the original capacity for the Liza Destiny was 120,000 bpd but it is now over 150,000 bpd. “That is a combination of debottlenecking and excellent reservoir release. The second ship at Liza Two is producing 220,000 bpd and that has touched 250,000 bpd and again, that is superior reservoir release and there will be debottlenecking to sustain the 250,000 bpd,” Hess said. He noted that Prosperity, the third FPSO to be stationed at Payara, has left the shipyard with first oil expected this year. As for the Yellowtail’s ONE GUYANA FPSO, he said it should come on in 2025. As more appraisal is work is done, he said the partners will be in a better position to define ships eight, nine and 10.
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Post by bjspokanimal on Mar 13, 2023 13:48:05 GMT -5
One of the reasons why Guyana is using fewer drilling rigs, relative to the amount of reserves discovered, than Brazil, is because Guyana is still much more in the exploration phase in Guyana than in most geographies and exploration requires fewer rigs than development for production does.
That's not to say that Liza-et-al aren't moving fast to bring discoveries to production, but once Exxon determined the breadth of deposits within Stabroek, they had to continue to overweight exploration over development out of concern that they would have to forfeit un-explored sections per the requirements of the lease. As it is, Guyana is preparing to take back an unexplored section of Stabroek and put it back up for auction.
I'm unsure if they plan to be as heavily into "discovery" mode relative to development mode in 2023 but clearly the ratio of planned FPSOs to delivered FPSOs is evidence of how far out over their skis they are with trying to prove resources prior to other possible forfeiture requirements.
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