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Stones FPSO- Construction Update & Strategies Enhancing FPSO Performance and Safety

Stones FPSO- Construction Update & Strategies Enhancing FPSO Performance and Safety

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

Sea Lion Complex Development

Sea Lion Complex Development

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.

FPSO - Falling Prices, Sliding Options

FPSO - Falling Prices, Sliding Options

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.

Targeting Deep Water in the Gulf of Mexico

Targeting Deep Water in the Gulf of Mexico

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.

Pitfalls throughout an FPSO Project Lifecycle How can we Streamline Execution?

Pitfalls throughout an FPSO Project Lifecycle How can we Streamline Execution?

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. 

Stones Project Update: Achieving First Oil & Development Opportunities [Part 1/2]

Stones Project Update: Achieving First Oil & Development Opportunities [Part 1/2]

In this presentation, Curtis Lohr gives a project update on Stones FPSO. 
This presentation took place in September 2016 at the FPSO World Congress 2016.
This video is the first of two parts. 
A Snapshot of Europe's FPSO market in 2017

A Snapshot of Europe's FPSO market in 2017

The FPSO industry has been evolving to adapt to the market climate over the past few years. With this new-found awareness across the FPSO value chain of how cooperation and project delivery must change, comes an unprecedented opportunity to improve the processes and standards of the industry for long-term sustainability and growth. To discover what the key industry players are planning over the short to mid-term, we have compiled the findings from our latest survey conducted with the attendees who attended the FPSO Europe Congress 2017. Download the report to find out more.
Drone inspections in Maersk Oil UK - Topsides and tanks

Drone inspections in Maersk Oil UK - Topsides and tanks

Maersk Oil UK has been using drones since 2013 as a cost effective way to conduct maintenance inspections. This slide deck lists their current uses, images from the inspections, benefits and lessons learnt.
Prabhat Garga: ‘Alliancing’ – A Solution for the Low Oil Price Environment? [Part 2/2]

Prabhat Garga: ‘Alliancing’ – A Solution for the Low Oil Price Environment? [Part 2/2]

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.

Prabhat Garga: ‘Alliancing’ – A Solution for the Low Oil Price Environment [Part 1/2]

Prabhat Garga: ‘Alliancing’ – A Solution for the Low Oil Price Environment [Part 1/2]

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. 

How FPSO Contractors Can Help Oil Companies Develop a Successful Business Case for an FPSO Development

How FPSO Contractors Can Help Oil Companies Develop a Successful Business Case for an FPSO Development

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?
Re-examining Procurement Strategies for Sustainable Cost Reduction in the Supply Chain

Re-examining Procurement Strategies for Sustainable Cost Reduction in the Supply Chain

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

Six Guidelines for Executing Offshore Brownfield Projects

Six Guidelines for Executing Offshore Brownfield Projects

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.

Re-Examining Contracting & Financing Models To Propel FPSO Projects Ahead

Re-Examining Contracting & Financing Models To Propel FPSO Projects Ahead

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.

The FPSO Solution to Marginal Field Development

The FPSO Solution to Marginal Field Development

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.  

What makes FPSO redeployments so difficult?

What makes FPSO redeployments so difficult?

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.

The Seven Point Funding Checklist

The Seven Point Funding Checklist

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.

FPSOs and Structural Integrity compliance with the UK - HSE Regulations

FPSOs and Structural Integrity compliance with the UK - HSE Regulations

Presented by: 

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

Operating in Atlantic Harsh Weather Conditions - Lesson learned from operating the Foinaven FPSO

Operating in Atlantic Harsh Weather Conditions - Lesson learned from operating the Foinaven FPSO

Presented by: 

Stuart Shaw
Deepwater Area Operations Manager
BP

Stig Morten
Vice President Operations UK
Teekay Offshore