28 September - 01 October, 2015
28 September - 01 October, 2015 - Singapore
56 Seats available in the Plenary room
This presentation will examine the macro economic conditions of the oil and gas market and critically analyse the potential structure of the FPSO market in the coming years.
The first FPSO conversion was in 1980’s, and today there are over hundreds of FPSO newbuilds and conversions. The presentation willdiscuss the key factors that are needed for a successful conversion. The paperwill discuss having the right engineering fundaments, and an experienced yardhaving the right delivery strategy to achieve a good outcome for FPSO AssetOwners and FPSO Operators. What are the challenges? Can one achieve an optimalsolution in FPSO conversion? Conversion versus New Built?
This session will examine innovative ways to achieve capex and opex savings through cylindrical FPSO designs, providing a cost-benefit analysis to delegates.
This session will provide a project update on the Libra FPSO project and evaluate the progress made by the project teams involved. In essence, the project will highlight the EPC model that Teekay Petrojarl utilized to execute the project and highlight important lessons learnt thus far.
All companies in the oil and gas industry have HSE Policies that promise all any of us could expect. We all value the safety of workers as an over-riding concern. A typical statement from a company is something like: “Safety is not a cost – it is the way we do business”. Laudable sentiment and one that is often seen working in practice.
But somewhere along the line, it is all too easy for this sentiment to be diminished in the cut and thrust of an FPSO development or subsequent operations. Many fine individuals in our industry do their utmost to be champions of safety performance. But delivering safety performance, especially process safety performance, is a hard task.
The paper will give examples of where delivery of safety performance has succeeded and where it has been a challenge. The influence of the regulators worldwide will also be addressed. A few essential steps for safety performance on any FPSO will be given in conclusion.
This panel discussion will examine the latest technical and technological advancements in turret and mooring integrity, with the aim of maximizing productivity uptime during the FPSO lifecycle. Challenges and best practice strategies for mooring integrity will also be discussed.
This session will seek to examine innovative and alternate approaches to financing FPSO projects in light of the current economic climate—where cancellation and project delay risks are the greatest. The session will draw from previous experiences and case studies and seek to find a viable solution for financing projects in the near future.
This session will go through the ins and outs of the framework
for hazard and effect management process of your FPSO,
including major accident hazard management in FPSO
operations and activities.
The outlook for FPSO financing is
still robust for quality projects in the market. However, the risk profile needs to be re-examined. This panel discussion will examine what financiers need to see in order to sanction financing for projects moving forward, zooming in on factors including contract strength and company profiles.
In almost every single FPSO project, most stakeholders focus solely on achieving first oil. However, there is still a long way to go to get to Final Acceptance. Lack of attention to detail, can mean that costs can spiral uncontrollably to bring an FPSO to final acceptance. What are some of the biggest pitfalls and challenges that we as industry often fall into when trying to achieve final acceptance? How can gas treatment/gas compression systems and water treatment/water injection systems be optimized to fulfil this requirement? This session will begin with an update of the current Catcher FPSO project, before deep diving into the strategies and best practices to overcome challenges in gaining final acceptance.
Heavy and extra heavy crude oil fields offshore development is highly influenced by the physic and chemical properties of well fluids and information from the reservoir.
This paper will be focusing on some peculiar technical aspects in the selection and design of the topside processing modules to be installed on a FPSO vessel for the development of a heavy oil complex that has some wide variations in the characteristics of the oil.
This session will examine a ground breaking technology which will allow the transportation of offshore methanol production and analyse the commercial underpinnings of this for offshore fields.
The Minox Deoxygenation System is a gas stripping process where an ultrapure nitrogen-gas is used to remove dissolved oxygen from water by a closed loop circulating nitrogen gas, in which the oxygen is being removed in a catalytic process. The compact unit with low system weight, combined with a flexible design, allows more efficient tailoring to meet any specifications. It is essentially important to remove dissolved oxygen in seawater used in water injection for IOR to avoid corrosion and growth of certain bacteria. The Minox Deoxygenation System offers a mechanical reduction of dissolved oxygen down to 10 ppb, which eliminates the need for chemical oxygen scavenger. This reduces the risk of reservoir souring and potential environmental impact.
This panel discussion will examine how safe design and a robust process safety framework must be implemented as early as the FEED stage, and the cost-benefit analysis and implications it has on overall lifecycle cost of any given FPSO project.
The panel will also discuss the challenges in ensuring that such 'costs' are justified, especially in regard to the current oil price environment.
When it comes to balancing costs with safety, safety can and should never be compromised.
This session will examine the current risk appetite for insurers for FPSO projects, given the low oil price environment. Furthermore, with the recent incidents involving several FPSO projects globally, the session will deep dive into some of the biggest challenges and strategies to overcome risks and pitfalls when it comes to insuring your FPSO
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