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
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FPSO Market Presence
24 4
14 38
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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
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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
North America
3 0
Other 1 0
4
Asia 3
2 Africa
1
South America 2
5
2 Lease Sale
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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
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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
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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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