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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Energy

Petrobras Announces new President, Management Changes

Petrobras reports that it has received the letter of resignation of Mr. Aldemir Bendine the functions of a member of the Board of Directors and President of the Company today.

Trim Optimization – Saving Fuel on Offshore Supply Vessels

A joint development project (JDP) between DNV GL, Statoil and Farstad Shipping has demonstrated that offshore supply vessels (OSV) can save up to 21,000 Euros on their annual fuel bill,

The Impact of Hull Form on Efficiency

There is a growing interest in the fuel efficiency of ships because of fuel prices, climate change and energy security issues. This has resulted in, amongst other things,

News

Petrobras Announces new President, Management Changes

Petrobras reports that it has received the letter of resignation of Mr. Aldemir Bendine the functions of a member of the Board of Directors and President of the Company today.

Strategic Marine Building Luxury Crewboat

Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Offshore Energy

Trim Optimization – Saving Fuel on Offshore Supply Vessels

A joint development project (JDP) between DNV GL, Statoil and Farstad Shipping has demonstrated that offshore supply vessels (OSV) can save up to 21,000 Euros on their annual fuel bill,

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1153 sec (9 req/sec)