floating production storage and offloading - · pdf fileagenda 3 fpso • market •...
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© SBM Offshore 2013. All rights reserved. www.sbmoffshore.com
Floating Production Storage and Offloading Technical Challenges – October 21
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Kurtz Marketing & Management
2
Presentation by Kurtz Marketing & Management*
on behalf of SBM Offshore
*) KMM is a Dutch-based business development company active in bridging
global high-tech industries and in bringing oil and gas expertise to the
emerging Israeli natural gas industry.
www.kurtzmarketing.com
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Agenda
3
FPSO • Market
• Drivers for FPSO
• FPSO Overview
• Mooring Solutions
• History
• Local Content
Future • Technical Challenges
• Key Trends
• Local Content
• Conclusion
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• 256 floating production units in service • 157 FPSO’s (61%)
• 77 floating production units are on order • 44 FPSO’s (57%)
FPSO Market Presence
35 12
4
24
38 21
14
Source IMA Report March 2013 4
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FPSO Market Outlook
Field developments requiring FPSOs over the next 3 years
More than 50 FPSO projects currently expected to be awarded
Source: SBM Offshore - August 2013
Lease
Sale
Lease or Sale
IR - 07/08/2013
5 1
2
Asia
3
0
1
Other
4
0
3
North America
8
4
5
Africa
14
2
2
South America
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• Why use an FPSO? • Remote locations
• Storage
• Payload
• Schedule
• Real estate
• Easy to install
• Relocation
• Hurricane/cyclone environments
• Lease and operate option
• FPSOs were first deployed as an economical solution for
marginal fields.
• FPSOs became an essential component in developing
remote offshore fields as Early Production Systems (EPS)
• Increasing production capacity, turret/swivel technology
and riser advances have allowed their utilization as full
field production facilities
Drivers for FPSO
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FPSO Overview
Fabrication Vessel Conversion
Vessel Types Aframax, Suezmax, VLCC
Length 250-330m
Beam 35-60m
DWT 80,000 to 320,000
Oil
Production
40,000 to 150,000bopd
Water
Production
20,000 to 180,000
Gas
Production
20-600 mil ft3/day
0.5-17 mil m3/day
Storage 500,000 to +2mil Barrels
Persons on
Board (POB)
50-150
Service Life 10-30 years
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Spread Moored
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Turret Moored
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Shell Spain
Castellon Field, Offshore Spain
1976 – 1986
Tanker Size 60,000 DWT
Storage Cap. 420,000 bbls
Water Depth 100m
Production Rate 20,000 bbls/day
Riser Single 4” ID
Mooring System Single
Anchor Leg System (SALS)
Offloading Side by Side
Contract Turnkey
Supply of Mooring System SBM
FPSO Castellon
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BHP Petroleum
Jabiru Field, Timor Sea
Offshore Australia
1986 - 2010
Tanker Size 160,000 DWT
Storage Cap. 845,000 bbls
Water Depth 125m
Production Rate 27,000 bbls/day
Riser/Mooring Ext. Disconnectable Turret.
Offloading Tandem
Contract SBM
System Turnkey Supply of Disconnectable
Riser Mooring System
FPSO Jabiru Venture
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Shell Expro
Teal & Guillemot Fields
Offshore UK
1996 - present
Tanker Size 129,500 DWT
Storage Cap. 850,000 bbls
Water Depth 100m
Production Rate 60,500 bbls/day
Riser 12 Flexibles
Mooring System Internal Turret
Offloading Tandem
Contract SBM Turnkey Supply,
tanker, topsides,
mooring & installation
(first such contract by
operator)
FPSO Anasuria
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Petrobras
Ishabella Field, Offshore Brazil
2014
Tanker Size 265,000 DWT
Storage Cap. 1,600,000 bbls
Water Depth 2140m
Production Rate 150,000 bbls/day
Riser 55
Offloading Tandem
Mooring System Internal Turret
Contract SBM Turnkey Supply,
re-refurbishment,
lease, operate
FPSO Ilhabela
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Multiple Conversion
FPSO VI
Nigeria, 1986-1998
Espadarte FPSO
Brazil, 2000-2011
Anchieta FPSO
Brazil, 2012-2030
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Technology Challenges
FPSO Complexity (Generation 3) Advanced Mooring Technology
Process Intensification
IR - 07/08/2013
FLNG Turret
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Ultra Deepwater
Beyond 3000m
Deep Reservoirs
Extreme HP/HT
Surface Processing
Seabed Processing
Analogue Oilfield
Digital Oilfield
LNG Plants Onshore
Floating LNG
+ underlying trends for increased safety & environmental performance, and reduced life cycle costs
Risers, logistics, met-ocean data, frontier areas
Drilling costs, completions, trees, risers , sour fluids
Compressors, power supply, reliability, cost
Recovery, performance, manning levels
Cost, schedule, permits, local content, jobs
From To Factors
Key Technology Trends
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Local Content: Competitive Advantage
17 IR - 07/08/2013
Brazil:
In-country presence since 1968
First FPSO in 1997
Brasa yard key asset for SBM
Stake in biggest floating crane in
Latin America
Over 2,700 employees
August 2013 17 IR – 09/09/2013
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Local Content: Competitive Advantage
18 IR - 07/08/2013
Angola:
In-country presence since 1968
First FPSO in 1999
Paenal yard key asset for SBM:
biggest crane in West Africa
Over 1,400 employees
August 2013 18 IR – 09/09/2013
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• FPSO’s have proven safe and
reliable operation experience since
1976
• They make up +60% of the worlds
total offshore production units
• FPSO’s are development solution of
choice for ultra-deepwater (>1500m)
• Their size and complexity have
increased
• They provide a robust solution for the
Levant basin: • Ultra-deepwater
• Complete gas processing offshore
• Condensate storage
• Schedule
• 30 year life
Conclusions
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• Please contact Kurtz Marketing & Management for any questions you might have:
Kobi Kurtz
Bert van der Heide
Tel: +31-10-453.1320
Thank you!
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