FPSO Presentation
FPSO Presentation
FPSO Presentation
Presentation Content
History of Floating Production Systems Introduction to Field Layouts What is an FPSO..? Advantages of an FPSO Types of Processing Unit Major milestones affecting FPSO use Demand for FPSOs Examples of FPSO records; largest, smallest etc. Summary
History
Offshore locations have been producing oil since the late 1940s Originally all oil platforms sat on the seabed in shallow water and exported via tanker or pipeline As exploration moved to deeper waters in the 1970s Condeeps and Floating production systems came into use
Anchor Chains
North Subsea Template: Production Line Production & Test Water Injection Gas Lift
Water injection Flexible Risers East Subsea Template: Production Line Production & Test Water Injection Gas Lift
West Subsea Template: Production Line Production & Test Water Injection Gas Lift
Riser Bases B C D
2000m
2000m
Control Line
2000m
What is an FPSO..?
A converted tanker or purpose built vessel
may be ship shaped, multi-hull production semi-submersible or a cylindrical shaped production spar / Mono Hull
Hydrocarbon processing facilities are installed on board Processes well stream fluids into Oil, LPG or LNG Units without processing facilities are referred to as an FSO or Floating Storage & Offload Unit
Xikomba offloading to shuttle
Spread Mooring
Does not require anchor wires/chains or piled/seabed anchors. This system is the most accurate for station keeping but the most expensive to operate
FPSO Advantages
They eliminate the need for costly long-distance pipelines to an onshore terminal Particularly effective in remote or deep water locations where seabed pipeline are not cost effective
In bad weather situations (cyclones, icebergs etc.) FPSOs release mooring/risers and steam to safety. On field depletion FPSOs can be relocated to a new field
LPG
LNG
FPSO Milestones
First Oil FPSO built in Spain in 1977 Shell Castellon First Liquid Petroleum Gas (LPG) FPSO build completed 2005 Sanha, operates on the Chevron/Texaco Sanha Field in Angola First Liquid Natural Gas (LNG) FPSO was conversion of LNG Carrier Golar by Keppel in Singapore in 2007
Golar FLNG
Growth in Demand
Global demand is expected to double this decade 127 of the planned 200 projects in next 8 years will use FPSOs Brazil is the fastest growing development area with 28 FPSOs in service and 41 currently in the tendering or planning phase Since Jan 2010 there have been 11 FPSO contracts awarded in Brazil Even in the mature region of the North Sea there remains an active FPSO market Harsh weather and proliferation of smaller, marginal fields lends itself to the use of FPSOs There are currently 22 FPSOs in operation with a further 28 planned projects, up from only 15 projects one year ago
150
75
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
FPSOs
Production Semis
TLPs
SPARs
Data courtesy of Infield Data Analysts
Change in Demand
Historic Market
25% 31% 18% 24% 2%
2010-2014
30%
41%
14%
3% 12%
20
10
2005
0
2006 2007 2008 2009 2010 2011 2012 2013
2014
Deployment of FPSOs
Historic Market 2010-2014
10% 19%
?% future redeployment
14% 29%
57%
71%
Redeployment
Conversion
New Build
Data courtesy of Infield Data Analysts
1,600 feet (488m) bow to stern (longer than four soccer fields 243 feet (74m) wide 600,000t when loaded, 260,000t of which will be steel Six times heavier than the worlds largest aircraft carrier Chills natural gas to -162oC shrinking the volume by 600 times Worlds largest floating offshore facility
Summary
Demand for FPSOs continues to rise at a healthy rate of approximately 9% compound annually Five year forecast shows capex for production floater orders is expected to total between $80 billion to $115 billion Between 24 and 35 units annually over the next five years, 80% of which will be FPSOs (120 to 175 FPSOs total) LNG and LPG FPSOs are increasing in numbers faster than ever Demand for FPSOs most prevalent in Brazil, Asia and West Africa Following the 2009 slump FPSO orders have recovered well
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