Floating Production Storage and Offloading

Floating Production Storage and Offloading Technical Challenges – October 21 © SBM Offshore 2013. All rights reserved. www.sbmoffshore.com Kurtz Ma...
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Floating Production Storage and Offloading Technical Challenges – October 21

© SBM Offshore 2013. All rights reserved. www.sbmoffshore.com

Kurtz Marketing & Management

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 2

Agenda

FPSO • • • • • •

Market Drivers for FPSO FPSO Overview Mooring Solutions History Local Content

Future • • • •

Technical Challenges Key Trends Local Content Conclusion

3

FPSO Market Presence

24 4

14 38

21

35 12

• 256 floating production units in service •

157 FPSO’s (61%)

• 77 floating production units are on order •

44 FPSO’s (57%) Source IMA Report March 2013

4

FPSO Market Outlook Field developments requiring FPSOs over the next 3 years More than 50 FPSO projects currently expected to be awarded

North America

3 0

Other 1 0

4

Asia 3

2 Africa

1

South America 2

5

2 Lease Sale

14

5

8

4

Lease or Sale Source: SBM Offshore - August 2013

IR - 07/08/2013

Drivers for FPSO •

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 6

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 7

Spread Moored

8

Turret Moored

9

FPSO Castellon Shell Spain Castellon Field, Offshore Spain 1976 – 1986 Tanker Size

60,000 DWT

Storage Cap.

420,000 bbls

Water Depth Production Rate

100m 20,000 bbls/day

Riser

Single 4” ID

Mooring System

Single

Anchor Leg System

(SALS)

Offloading

Contract Supply of Mooring System

Side by Side

Turnkey SBM

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FPSO Jabiru Venture

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 Riser/Mooring

Offloading Contract System

27,000 bbls/day Ext. Disconnectable Turret.

Tandem SBM Turnkey Supply of Disconnectable Riser Mooring System

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FPSO Anasuria Shell Expro Teal & Guillemot Fields Offshore UK 1996 - present Tanker Size

129,500 DWT

Storage Cap.

850,000 bbls

Water Depth Production Rate Riser Mooring System Offloading Contract

100m 60,500 bbls/day 12 Flexibles Internal Turret Tandem SBM Turnkey Supply, tanker, topsides, mooring & installation (first such contract by operator) 12

FPSO Ilhabela

Petrobras Ishabella Field, Offshore Brazil 2014 Tanker Size

Storage Cap. Water Depth Production Rate Riser Offloading Mooring System Contract

265,000 DWT

1,600,000 bbls 2140m 150,000 bbls/day 55 Tandem Internal Turret SBM Turnkey Supply, re-refurbishment, lease, operate

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Multiple Conversion

FPSO VI Nigeria, 1986-1998

Espadarte FPSO Brazil, 2000-2011

Anchieta FPSO Brazil, 2012-2030 14

Technology Challenges

FPSO Complexity (Generation 3)

Process Intensification IR - 07/08/2013

Advanced Mooring Technology

FLNG Turret 15

Key Technology Trends From

To

Factors

Ultra Deepwater

Beyond 3000m

Risers, logistics, met-ocean data, frontier areas

Deep Reservoirs

Extreme HP/HT

Drilling costs, completions, trees, risers , sour fluids

Surface Processing

Seabed Processing

Compressors, power supply, reliability, cost

Analogue Oilfield

Digital Oilfield

Recovery, performance, manning levels

LNG Plants Onshore

Floating LNG

Cost, schedule, permits, local content, jobs

+ underlying trends for increased safety & environmental performance, and reduced life cycle costs

Local Content: Competitive Advantage 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

– 09/09/2013 IR - IR 07/08/2013

August 2013

17 17

Local Content: Competitive Advantage

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

– 09/09/2013 IR - IR 07/08/2013

August 2013

18 18

Conclusions



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

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Thank you!



Please contact Kurtz Marketing & Management for any questions you might have: Kobi Kurtz [email protected] Bert van der Heide [email protected] Tel: +31-10-453.1320

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