16 April 2014 Saipem to Convert Two FPSOs for Kaombo offshore Angola

Total has contracted Saipem to provide two FPSOs for the Kaombo project in block 32 offshore Angola.

Under a $3-billion EPCI contract, Saipem will engineer, procure, install, and commission two converted turret-moored FPSOs. Additionally Saipem has a seven-year contract valued at around $1 billion to operate and maintain the vessels. Both will have an oil treatment capacity of 115,000 b/d, water injection capacity of 200,000 b/d, a gas compression capacity of 100 MMcf/d (2.8 MMcm/d), and storage for up to 1.7 MMbbl of oil.

Saipem’s scope includes fabrication and integration of the topsides, installation of the mooring systems, and hook-up, commissioning, and operations start-up. The company’s Floaters Business Unit in France will manage the overall program, with some of the engineering, procurement, topsides modules fabrication, and integration and commissioning performed in Angola.

The first FPSOM is expected to be operational by 1Q 2017 and the second by 2Q 2017.


13 January 2015

Catcher on track for 2017 production. FPSO construction starts

Cairn Energy, an independent oil and gas company, has informed that first steel has been cut for the Premier-operated Catcher FPSO unit. Cairn owns a stake in the Catcher area, located in the UK Central North Sea.

Cairn did not specify the exact date of the Catcher FPSO steel cutting ceremony but only said it had been held in the first quarter of 2015, meaning in the last two weeks.

Cairn also said that development drilling at the project is expected to start in the second half or the year, following installation of the first phase of subsea drilling templates.

Japan’s IHI is responsible for the construction of the FPSO hull, while Singapore’s Dyna-Mac will deliver 10 FPSO modules and a flare tower. BW Offshore, which will own the FPSO and lease it to Premier Oil, has recently reported that the construction activities started on the FPSO turret mooring system.

Cairn, which owns a 20% share in the project following a 10% interest sale to Dyas, has said that the Catcher is progressing as planned with production expected in 2017.

The Catcher field, discovered in 2010, is expected to produce 96 million barrels of oil equivalent with a peak production rate of around 50,000 barrels of oil per day.


FPSO Industry must Re-think Supply Chain

The FPSO supply chain is broken. The floating production, storage, and offloading systems markets will be unable to meet FPSO demand over the next five years unless significant change occurs in an industry increasingly defined by schedule delays and cost overruns.

Industry players understand and accept this position, but until now they have been unable to quantify the effect of these project delays and cost overruns. Success in improving the supply chain model has been limited at best, negatively affecting exploration and production companies, suppliers, and leasing contractors in particular.


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