5 key FPSO projects driving activity in Asia

May 31, 2019

FPSOs


FPSOs in development

Floating production storage and offloading vessels are a crucial element of modern offshore oil and gas projects. The first oil FPSO was utilised on the Shell Castellon field in the Spanish Mediterranean in 1977 AND There are now almost 300 FPSOs operating worldwide.

Due to their flexibility, an FPSO provides several advantages over fixed platforms. They can more easily be mobilised to other remote or deep-water locations. This creates time and cost savings while increasing safety levels and accessibility to commercially viable fields.

This blog is part one of a two-part blog series looking at developments currently in the fabrication stage on Asian shipyards. As offshore discoveries and consumer energy demand increase over the next few decades, so will the number of FPSO and fabrication projects.

Click here to read part two on FLNG, FPU and facility construction projects


1. Karish FPSO

Karish FPSO is owned by Energean Israel and destined for the Karish and Tanin gas fields in the Mediterranean Sea. The FPSO will have an estimated hull length of 227m by 50m with storage capacity of 800,000 bbl.

The FPSO hull will be fabricated in Zhoushan, China. It will then travel to Sembcorp Marine Admiralty Yard in Singapore for topside installation and completion. The project is on course to sail to offshore Israel in 2020 before starting gas production 2021.

Karish will be the first FPSO to operate in the Eastern Mediterranean but will not be the last. Recent gas discoveries near Cyprus and Israel indicate huge potential for the region.


2. Liza 1 and 2

Guyana is gearing up to become a leading global oil producer. Recent discoveries by ExxonMobil at the Tilapia-1 and Haimara-1 wells have increased the demand for FPSOs in the region. After 12 discoveries in the Stabroek block to date, ExxonMobil anticipate up to five FPSOs will be needed.

With Liza 1 (Destiny) due to set sail to Guyana in summer 2019, SBM Offshore have already begun production on the second phase. Liza 2 will be able to store 2 million barrels, which is 25% more than Liza 1. The daily production capacity of Liza 2 is estimated to be 190,000-220,000 barrels. Airswift are supporting this project in four locations, including the two main fabrication scopes in Singapore and China.


3. Tortue

The BP led Tortue/Ahmeyim project is situated offshore of Mauritania and Senegal in West Africa. It is one of the largest African developments and the field contains an estimated 15 trillion cubic feet of gas.

The project will utilise an ultra-deep-water subsystem and mid-water FPSO vessel to optimise processing and heavier hydrocarbon removal. Production will then transfer nearshore to a FLNG vessel for conversion to liquefied natural gas. The FPSO will be built in China and the FLNG in Singapore.


4. Amoca

Full field production on Eni’s Amoca project is expected to start in late 2020. Situated in Campeche Bay off Mexico Amoca will likely begin producing oil in 2021. Airswift currently supports the project in all three project locations: Mexico, Singapore and China. The FPSO vessel will have a storage capacity of 900,000 barrels and daily capability to process

  • 90,000 barrels of oil
  • 75 million cubic feet of gas
  • 120,000 barrels of water injection

5. Penguins

First discovered in 1974, the Penguins field in the North Sea has experienced decreased effectiveness of oil recovery in recent years. Primarily, this has been attributed to a lack of pressure. Planned redevelopment will utilise an FPSO from 2021 with a peak production rate of 45,000 barrels per day. This will extend the life of the field through continuous operation for 20 years without dry docking.

Fluor have been commissioned by Shell to provide full responsibility for the design, procurement, fabrication and delivery of the FPSO project. Design has already been completed in the Philippines and fabrication is now underway in China.


 

Airswift is a leading provider to fabrication projects

Airswift is the leading workforce solutions provider for onshore and offshore fabrication yard and FPSO projects. We have managed over 50 Floating Production Storage and Offloading (FPSO) and major fabrication yard developments. Visit our fabrication sector page to find out more.

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This post was written by: Matt Wolstenholme, Contract Recruitment Director – Asia Pacific at Airswift