Sembcorp Marine Wins FPSO Contract From TechnipFMC
An affiliate of Sembcorp Marine Ltd. has secured a contract from TechnipFMC to undertake the engineering, procurement and construction of hull and living quarters for a newbuild FPSO, the company said.
Sembcorp Marine Rigs and Floaters Pte. Ltd.’s awarded contract also includes fabrication and integration of various topside modules, as well as installation of owner-furnished equipment.
The FPSO’s hull is approximately 227 m (744 ft) long and 50 m (164 ft) wide, with a total oil storage capacity of 800,000 barrels and gas production capacity of 8 billion cubic meters per annum.
Scheduled for completion in the fourth-quarter of 2020, the FPSO will be deployed at the Energean-operated Karish and Tanin deepwater field developments in the Eastern Mediterranean, approximately 90 km (55 miles) offshore Israel.
The contract is not expected to have any material impact on the net tangible assets and earnings per share of the group for the year-ending Dec. 31, 2018.
Canadian Operator Watches FPSO With Virtual Asset Management Tool
An offshore operator in eastern Canada can now check on its FPSO from a desktop system.
UTEC, the global survey unit of Acteon, developed the virtual asset management tool called iSite that allows the operator to tour the FPSO, 350 km (217 miles) southeast of Newfoundland and Labrador, with 360-degree visualization and obtain accurate on-screen measurements.
The web-based system, with announced delivery in late March, also provides a central repository for drawings, 3-D models, photos and reports for onshore and offshore teams.
“UTEC has worked with the operator in Newfoundland for the past four years providing dimensional control and laser scanning services, and we are pleased to see the delivery of iSite is contributing to the company’s continued focus on running safe, reliable and environmentally responsible operations,” said Ryan Fallon, the company’s project execution manager.
The remote system cuts operating costs and lowers risk for operators by reducing the number of offshore visits to the FPSO, UTEC said in a statement. The system can also be used for project planning, risk management and safety and site inductions.
Exxon Mobil Corp. and offshore Guyana partners continue their success with their 13th discovery on the Stabroek Block and fifth discovery in the Turbot area.
The rig count fell for the past four months and production growth in the Permian Basin and other key shale basins have slowed as oil prices fell and many independent shale companies cut spending.
The new policy focuses on incentivizing increased investment and production.