MTS Houston Luncheon

Marinelink.com
Friday, August 02, 2013

The Floating Production Unit: Relocation Realities
                                               
The August MTS Houston Section luncheon will be held on August 22 and will feature a presentation by Carlos Mastrangelo, SBM Offshore’s Senior Vice-President on Floating Production Units.    


Over the years, the worldwide offshore industry has seen numerous oil & gas developments with operators focusing on mitigating reservoir risks. To address these inherent risks, operators aim at minimizing pre-investment by including the flexibility to adjust the facilities as needed.


For many years we have seen Floating Production Units (FPUs) deployed as extended well test units, early production systems, or even phasing the exploitation development. Often, the key reality is how to address the reservoir uncertainties. Many times FPUs are debottlenecked, relocated to different fields, other countries or even re-assessed for life extensions to accommodate unpredicted levels of production. FPUs are seen as prone to being relocated; especially if advertised as having the flexibility to relocate with a minimum impact on production.


At our August meeting Carlos Mastrangelo, Sr. VP with SBM Offshore will share SBM experiences with life extensions and relocations. He will include examples of real case scenarios in various environments and with different regulatory regimes.


The presentation will also address how disruption to production can be minimized, how to make the path forward to a flexible unit and how to consider a floating production unit as an asset to be re-assessed for redeployment in a new location or a new environment.


Easy oil is gone, both offshore and onshore. The industry must learn to deal with the inherent uncertainties of reservoirs. We know that we don't know enough about the reservoir to predict the production characteristics, profile and composition years from first oil. However, past experiences show it is not feasible to embed every scenario into the first development phase, risking the economics of the project itself. Therefore, the option for relocation, debottlenecking and/or life extensions must be considered from day one. SBM offshore has relocated, debottlenecked and extended lifetime dozens of times. The presentation will focus on its experiences.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Jones Act Tanker Chartered for Airline Refinery

Delta Air Lines Inc's refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy.

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer,

News

Police Kill 2 Kenyans Suspected of Planning Ferry Attack

Kenyan police said on Friday they shot and killed two armed men suspected of planning an attack on a ferry in the port city of Mombasa after one of them tried to hurl a grenade at approaching police.

Jones Act Tanker Chartered for Airline Refinery

Delta Air Lines Inc's refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy.

Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

Offshore Energy

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

 
 
Maritime Contracts Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1356 sec (7 req/sec)