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This presentation was done by Curtis Lohr, Stones Project Director of Shell, during the FPSO Europe Congress 2016.

In this presentation, David Hartell, Senior Development Manager of Premier Oil, explains how Premier Oil plan to work together with the Contractors delivering a cost-effective project for the initial development of the Sea Lion Complex amid low oil prices and in accordance with FIG / UK HSE regulatory requirements.

The average oil price has halved in the space of 12 months and no part of the oil and gas industry has been hit harder than the floating production, storage and offloading (FPSO) sector. Employed in fields where “floater” technology can make marginal deposits into profitable ones, an oil price hovering around $50 is testing the viability threshold of projects the world over. In this infographic, we take a look at some of the trends that are forming and driving the FPSO arena.

In this presentation slides by Lars Ødeskaug from Sevan Marine, he showcases the Sevan FPSO concept and its application to the Ultra Deep Waters in the GoM.

In this presentation, Gurin Hanspal, Kraken Project Manager at Bumi Armada Berhad, explains why FPSO projects often run over budget and the organisational changes need to take place to fix the problem. 

Some very successful offshore oil and gas developments were created in early 1990s in the UK North Sea using the alliance form of contracting in the aftermath of the last major, sustained downturn in oil prices (BP-Andrew, Conoco/Chevron- Britannia). 

In this presentation, Prabhat Garga, Senior Advisor from Upstream Advisors discusses why were they successful then but not consistently pursued thereafter. Do similar conditions exist today for successful ‘alliance’ based delivery of projects? Key and relevant lessons learned from those 2 developments will be discussed for their possible use in future alliance projects. This video is the last of 2 parts.

Some very successful offshore oil and gas developments were created in early 1990s in the UK North Sea using the alliance form of contracting in the aftermath of the last major, sustained downturn in oil prices (BP-Andrew, Conoco/Chevron- Britannia). 

In this presentation, Prabhat Garga, Senior Advisor from Upstream Advisors discusses why were they successful then but not consistently pursued thereafter. Do similar conditions exist today for successful ‘alliance’ based delivery of projects? Key and relevant lessons learned from those 2 developments will be discussed for their possible use in future alliance projects.

This video is the first of two parts. 

In this presentation, Simon Harman from Woodside Energy talks about how FPSO Contractors Can Help Oil Companies Develop a Successful Business Case for an FPSO Development. Download the slides to read more about:

• Assessing oil companies’ key considerations when selecting an FPSO procurement strategy for a development
• What messages do oil companies “hear” from FPSO contractors?
• What can vessel contractors do to increase their chances of successfully winning an FPSO contract?

In this presentation that took place at the FPSO World Congress 2016, Kamal Karthik from Yinson speaks about the following:

• Which FPSO components and services would benefit from alternative agreements and partnerships with suppliers?
• Integrating the supply chain into initial project execution and engineering conversations to optimise the balance of CAPEX and OPEX
• Leveraging the current market downturn to re-evaluate procurement processes for long-term cost savings
• Developing a win-win relationship with suppliers in order to mitigate the compounding costs of risk down the supply chain

Both the execution and commissioning of Brownfield projects can constitute major challenges to the oil and gas industry. However they can also be a solution to financial and operational constraints.In this article, Kevin Bourgeois, VP Brownfield Projects, Kosmos Energy, tells us six guidelines for executing offshore Brownfield projects.

In this Q&A report, we list down 15 of the most common and relevant topics on FPSO contracting and financing models. This includes financing opportunities, perspectives from an oil company client and also FPSO leasing models.

As the desire for national oil and gas independence intersects with technological advancements, the feasibility and desirability of marginal field exploitation has increased exponentially. The mobility and low CAPEX of FPSO vessels make them an ideal solution for successfully monetizing them.

In this article we examine taking the flexible approach to marginal field extraction with FPSOs.  

FPSO redeployments are one of the key features that make FPSOs cost effective solutions for field developments, however this strength has been undermined by a growth in inefficiency. Now, the real barriers to successful vessel redeployment lay not so much in the expected technological challenges but instead, in the inflexibility regarding specifications, the lack of shared risks between stakeholders and the distrust present in the operator contractor relationship.

Projects will continue to be mooted and securing finances is the first step on the road to commission and deployment. In consultation with veteran FPSO and financial professionals alike, we have put together a checklist of how to secure the cold hard cash needed to get your FPSO project off the ground in this adverse commercial climate.

Presented by: 

Conrad De Souza
HSE Structural Integrity Specialist 
Department for Business, Energy & Industrial Strategy 

Presented by: 

Roland Martland
Vice President HSSEQ
Bumi Armada

Presented by: 

Stuart Shaw
Deepwater Area Operations Manager
BP

Stig Morten
Vice President Operations UK
Teekay Offshore