Companies to Develop GOM Shuttle Tanker Technology

Friday, August 18, 2000
Conoco Inc. and Maritrans Inc. are jointly developing advanced shuttle tanker technologies to safely transport newly discovered deepwater Gulf of Mexico crude oil reserves to U.S. refineries more economically than current pipeline alternatives.

Technologies being evaluated have the potential to greatly reduce the time between discovery and production of deepwater crude reserves.

"The industry is actively exploring for the 10 billion barrels of crude oil reserves that are estimated to be contained in the deepwater Gulf of Mexico," said Rob McKee, Conoco executive vice president for exploration production. "Operations in deepwater are expensive, and we are continuously seeking ways to improve the economics of our deepwater program. Reducing the time between investment and the return on that investment makes deepwater exploration even more attractive than it is today," he emphasized.

The companies said they had decided to proceed with development plans as the Minerals Management Service (MMS) continues to evaluate the use of shuttle tankers to transport crude oil production in the Gulf of Mexico. The MMS is expected to make a final decision next year.

"We are hopeful the safety and performance records of shuttle tankers used in other parts of the world will help convince the MMS the concept is suitable for use in the Gulf of Mexico," said Eric L. (Rick) Oshlo, Conoco vice president and general manager of supply and trading. "If the MMS does approve the concept for use in the Gulf, Conoco and Maritrans will have state-of-the-art technologies ready for deployment," he said. "If they don't, we will have some very innovative ideas that would be applicable to help other nations develop their deepwater reserves, quickly, safely and economically," Oshlo added.

Oshlo said the companies were evaluating variations of shuttle tankers and deepwater loading systems successfully used elsewhere in the world to transport remote crude oil reserves to determine their applicability in the Gulf of Mexico.

Conoco's worldwide fleet of double-hulled ships includes the Rangrid, a specially designed, state-of-technology shuttle tanker used to transport crude oil from the Heidrun field in the Norwegian Sea to European markets. The Heidrun field, located north of the Arctic Circle and in some of the world's stormiest seas, could not have been economically developed without the use of shuttle tankers and proprietary loading systems. Direct shuttle loading from Heidrun to the Rangrid and other shuttle tankers boasts an unprecedented 100 percent uptime since first oil was produced in 1995.

Over 25 years ago, Maritrans pioneered the lightering system that supplies almost 100 million barrels of crude oil each year to eight refineries in the Northeast United States. Maritrans' sophisticated vessel allocation process is designed to reduce on shore crude storage and keep deliveries on a consistent, reliable schedule. Maritrans' multi-vessel system for unloading cargo directly from large oil tankers situated offshore and in the Delaware Bay remains the most cost-effective alternative for delivering foreign crudes.

Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ClassNK's Noboru Ueda Attends KOTC Delivery Ceremony

Mr. Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co.

Ulrich Ganz of Bernhard Schulte Joins Tundra

Tundra Group is delighted to announce the addition of the former Senior Company Security Officer (CSO) of Bernhard Schulte Shipmanagement (BSM), Captain Ulrich Ganz,

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

Contracts

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

NZ Interislander Ferry to Dry-dock in Devonport

NewZealand's KiwiRail says that the Interislander ferry Arahura has left Wellington for her scheduled bi-annual dry-docking in Devonport, having last visited Auckland in July 2012.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2061 sec (5 req/sec)