Fpso Unit News

Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with their associated equipment.The contract for the redeployment of the FPSO and the FSO was secured by Altera back in October 2023.Voyageur Spirit is a cylindrical-shaped FPSO…

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD). This represents a 7% increase on 2021, with Westwood anticipating an additional 180 kboepd of FPS throughput capacity to be sanctioned before the end of the year.

The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER.“Major upstream operators continue to rake in record cash and spending on new upstream projects has been ramping up,” McCaul said. “Activity has returned to levels last seen before the 2008 global financial meltdown.

Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil.The oil and gas field is located around 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters.The LNTP is valued at up to $50 million. Saipem’s share is worth approximately $25 million.Upon completion of the LNTP…

Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February it had signed an agreement with Priya Blue Industries yard in India to recycle the Cidade de São Vicente FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being recycled after reaching the end of their operational lives…

Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has been looking to deploy another FPSO at the field for full-field development.The oil company and the Malaysian FPSO supplier had in August signed…

Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana.Keppel Shipyard, responsible for the construction and integration of the topside modules with the China-built FPSO hull said Thursday it had delivered the FPSO to SBM Offshore. Once in Guyana, the FPSO will be deployed at ExxonMobil's Stabroek offshore block.Keppel O&M’s scope of work included the fabrication of several topside modules, the riser balcony…

Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday. The development of the field located in the Santos Basin will cost around $8 billion.As previously reported, more than a year ago, Equinor and Modec signed a deal for the Front End Engineering Design (FEED) and pre-investment of the FPSO.MODEC now has a contract in hand for Engineering…

Indonesia offshore vessel operator Wintermar has secured five-year contracts for two of its offshore support vessels with an unnamed multinational oil and gas firm in Indonesia.Under the contracts, the two Anchor Handling Tug Supply vessels will support production at an oil field off the northern coast of East Java.The vessels will support an FPSO unit in a producing field. The total contract value is $22 Million. As at May 24, Wintermar's contract backlog stood at $76.7 million. Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk said:"This long-term contract underlines the Indonesian government commitment to invest heavily to raise the country's output of oil and gas after some years of decline.

Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. Keppel is expected to deliver the FPSO in late 2024. Keppel said that the value of the order was $2.3 billion.Keppel O&M will build the topside modules weighing 43…

Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility in Mexico to be installed on the FPSO named Miamte MV34.The once completed, the FPSO will be located in the Eni-operated Area 1 block, approximately six miles…

The first batch of topside modules has been shipped for a floating production storage and offloading (FPSO) unit for Japan's MODEC, U.S.-based engineering and construction firm McDermott International said on Wednesday.The FPSO, named Miamte MV34, will be used on the Amoca and Mizton fields located in the Eni-operated Area 1 block, in the Campeche Bay approximately 10 kilometers off the coast of Mexico, in approximately 32 meters water depth. First oil is planned in 2021.McDermott's…

Delivery of the FPSO destined for Equinor's Johan Castberg field in the Barents Sea is expected to be delayed after the company found issues with the weld quality and fatigue calculations program.The FPSO hull was ordered by Equinor (then known as Statoil) back in 2017 from Singapore's Sembcorp Marine and it was at the time said that the construction of the hull was "the most time-critical delivery for the completion of the Johan Castberg project," first production from which…

Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday,Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) unit.

South Korean Samsung Heavy Industries (SHI) reported its third-quarter net loss of 583.2 billion won (US$ 503.8 million), compared with a KRW80.30 billion loss in the same quarter a year earlier, staying in the red compared with a year ago.The loss widened sharply in the wake of a cancelled shipbuilding deal. Mitsui Ocean Development & Engineering Co. (MODEC) was recently selected as the floating production, storage and offloading (FPSO) unit supplier for the Barossa Project in Australia. The FPSO part of the project alone is estimated at US$1.5 billion.Earnings were also hurt as Transocean Ltd. (RIG) said in September a pair of its…

Teekay Corporation, a provider of crude oil and gas marine transportation services, has entered into an agreement with the Chestnut Joint Venture to extend the employment of the Hummingbird Spirit FPSO unit (Hummingbird) on the Chestnut field in the North Sea until March 2023.Chestnut is  a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd.The contract extension was done in conjunction with the Chestnut Joint Venture’s plan to drill a new well at the Chestnut field.The new Hummingbird contract took effect on October 1, 2019 and is based on a fixed charter rate instead of the previous fixed charter rate plus oil production/price…

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government.The contract worth KRW 1.1 trillion (US$963 million) has been signed with an unnamed Asian shipowner, said a report in Yonhap. The FPSO will be constructed at its main shipyard in Geoje, some 330 kilometers south of Seoul, the company said in a regulatory filing.Although Samsung Heavy didn't announce the name of the Asian customer, Yonhap, qouting industry sources, said that its FPSO will be used for Indian energy giant Reliance Industries' MJ deep-water gas and condensate project off India's east coast.Including the newest contract…

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy.The FPSO, which will be used at Hurricane's Early Production System development of the Lancaster field west of Shetland, is in Algeciras for planned personnel changes, bunkering and other commissioning activities. The stopover will be extended to repair an auxiliary system associated with power generation…

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media.Following fabrication and integration works in Lagos, the FPSO will arrive in three days’ time at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, TotalT.Nicholas Terraz, managing director, Total Upstream Companies in Nigeria, Ahmadu-Kida Musa, deputy managing director, deep water, Total Exploration and Production Nigeria…

The Late Start and Twenty Year Saga.More than 40 years have passed since the trailblazing Shell Castellon started operation as the first floating production storage and offloading (FPSO) unit in 1977. Ever since, hundreds of these vessels have operated worldwide, and the oil industry has reaped their benefits. Despite continued international popularity and dominance, compelling advantages, and technological advancements, the adoption of FPSOs has faced particular challenges in the U.S. Gulf of Mexico, where there have been only two FPSOs to date.

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum, has even agreed to share its real-time oilfield data with Aker in what they say is an industry first."This will be the first time two different operators…

Crowley Maritime Corp.’s offshore services group has delivered Shell’s Appomattox semi-submersible Floating Production System (FPS) to the open waters of the U.S. Gulf from Kiewit Offshore Services' construction facility in Ingleside, Texas.Making the tow-out possible were Crowley’s Ocean Sky and Ocean Sun tugboats, which worked together on behalf of customer Heerema, alongside other third-party assets to deliver Appomattox.Demonstrating both nearshore and offshore capabilities, the company’s ocean class tugs safely towed the FPS through the Aransas Channel, then disconnected and provided escort services to the deep-water installation site.

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located offshore on the maritime border of Mauritania and Senegal. The agreement between the two companies provides a mechanism to allow a transition of the contract to an Engineering, Procurement, Construction and Installation (EPCI) contract at a later stage. TechnipFMC will work on defining the technology and equipment scope and brings expertise to deliver major projects, leveraging extensive experience with Chinese fabrication .