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🛢️💰 TotalEnergies, in collaboration with APA Corporation and Staatsolie, is advancing towards the Final Investment Decision (FID) for the development of deepwater Block 58 offshore Suriname, expected in the fourth quarter of 2024, with production slated to begin in 2028. TotalEnergies and APA each hold a 50% interest in Block 58, while Staatsolie has the option to acquire up to a 20% interest upon FID. 🌊🚢The project's recent milestones include securing an agreement on the field development area and the FPSO hull for a 200,000 barrels per day unit. Front End Engineering Design (FEED) for the Sapakara and Krabdagu fields is progressing, with estimated recoverable resources exceeding 700 million barrels, utilizing Water Alternating Gas (WAG) injection technology to maximize recovery. Additionally, Ocean Bottom Node (OBN) seismic technology will be employed to enhance resource identification and well placement, with a 900 km² OBN campaign scheduled for the second half of 2024.

💰🗓️ Santos has postponed the final investment decision (FID) for its Dorado Phase 1 liquids project until 2025 and will re-enter front-end engineering and design (FEED) later this year. The partners are evaluating idle floating production, storage, and offloading (FPSO) vessels for potential repurposing, including the Australia-flagged Nganhurra, which was previously used by Woodside Energy. Market sources indicate limited viable FPSO options for Dorado. The Dorado JV is optimizing key opportunities to improve project economics and reduce upfront capital expenditure, previously estimated at around $2 billion. 🚢⚓️ These optimizations include modifying the Dorado production rate to allow for smaller FPSO and wellhead platform facilities, and phasing the timing of wells. Phasing development wells and reducing pre-first oil wells can lower initial capex, with remaining wells funded through project cash flows. Santos confirms pre-FEED progress, with FID now targeted for 2025. This adjustment follows earlier expectations of reaching FID by the end of this year. The Dorado JV, including Altera Infrastructure, Seatrium, and Sapura Energy, is taking time to fully evaluate these opportunities. 🛢️🌿 Carnarvon, with Santos and OPIC, is focused on optimizing the project to enhance shareholder value. Dorado’s best estimate contingent gross liquids resource is 162 million barrels, with an estimated 1 trillion cubic feet of low-carbon dioxide gas, planned for injection during Phase 1 and potential future exploitation. The Dorado floater will have a production capacity of 60,000 to 100,000 barrels per day, aiming for a shallower production decline and deferring backfill requirements. Environmental Plans for drilling, completion, WHP, and subsea systems are progressing, with external consultation expected soon.

Here is a detailed list of FPSO projects planned for 2023-2027: 1. Brazil Pre-Salt Projects: Petrobras plans to deploy 11 new FPSOs in Brazil's pre-salt layer by 2027. This includes units for the Búzios, Mero, and Marlim fields. 2. FPSO Sepetiba: Expected to start operations in the Mero field offshore Brazil by the end of 2023. 3. Albacora Revitalization Project: A new FPSO with a capacity of 120,000 barrels per day is planned for 2027, operating in both post-salt and pre-salt fields. 4. Guyana Projects: Multiple FPSO projects are in the pipeline for the prolific Guyana-Suriname basin, though specific details are limited in the given search results. 5. Global FPSO Growth: Over 50 FPSO projects are planned globally within the next 5 years, indicating significant industry expansion. 6. UAE Developments: The United Arab Emirates is mentioned as a notable location for upcoming FPSO projects, though specific details are not provided. 7. Decarbonization Efforts: Several projects are focusing on incorporating decarbonization strategies and intelligent edge solutions to align with sustainability goals. While specific project names and locations are limited in the provided search results, it's clear that Brazil, Guyana, and the UAE are key regions for upcoming FPSO developments. The industry is also placing emphasis on sustainability and technological advancements in these new projects.

#Petrobras aims to carry out decommissioning activities at a mature field in the country’s Campos basin that was deactivated during the Covid-19 pandemic. Petrobras has issued a tender covering engineering, preparation, removal and disposal (#EPRD) of the buoyancy supported riser system in the Congro field. Congro was one of many shallow-water fields in the Campos basin where production was interrupted in April 2020. Local and international players to submit commercial offers on 26 January. The EPRD contract workscope also covers the decommissioning of the anchoring system that is connected to the riser buoy, which spans approximately 27 metres in width, 27 metres in length and a total weigh of about 338 tonnes. Petrobras is offering a 750-day contract and the winning bidder will provide the vessels that will tow the riser buoy from the Congro field to its final destination. The square structure, situated in 500 metres of water, is encrusted with invasive coral sun, with Petrobras determining that the company that is awarded the job takes measures to contain it during transportation to shore in accordance with environmental regulations. 📛♻️ [ Back in November 2023, it was informwd that there will be 23 platforms decommissioned, 14 of which are floating and nine fixed, as well as approximately 1,900km of flexible lines (subsea pipelines) and 550 wells. After 2028, Petrobras estimates that another 40 platforms will have to be decommissioned, 35 of them fixed and five floating. Brazil’s oil and gas watchdog ANP projects that offshore decommissioning activities in the country will require circa USD10.5-billion in investments between 2023 and 2027, with around USD8-billion earmarked for projects in the Campos basin. According to the regulatory agency, there are at least four platforms with an approved decommissioning program that have not yet been removed: P-33 and P-37 in Marlim, the Capixaba FPSO in the Cachalote field, and the Fluminense FPSO in Bijupirá/Salema ] ♻️♈️

TotalEnergies submits EIS plans for Suriname offshore development #Oil & Gas #Suriname #Businessnews #Offshore TotalEnergies E&P Suriname BV submitted an environmental impact statement (EIS) to develop oil reserves at Sapakara South and Krabdagu fields in Block 58 in Suriname, 140 km northwest from the coastal capital city Paramaribo and about 115 km from the Suriname coastline. In June, the company said a final investment decision on the project is expected in this year's fourth quarter for a production start-up in 2028 and that engineering studies (FEED) were progressing for development of Sapakara and Krabdagu fields. At the time, the operator signed an agreement with Staatsolie on the size of the area to be developed and the hull for the FPSO had been secured (OGJ Online, June 5, 2024). TotalEnergies is seeking approval from the National Institute for Environment and Development in Suriname (NIMOS) to conduct offshore development and production activities in the block, requiring submittal of an EIS. A project stakeholder engagement plan (SEP) was developed in January 2024 and has been updated and submitted with the EIS report for review. Oil field development activities within the block will consist of drilling of 32 wells (including oil production, water injection, and gas re injection wells), installation and operation of subsea, umbilicals, risers, and flowlines (SURF), installation and operation of a floating production, storage, and offloading (FPSO) vessel, and ultimately project decommissioning. Onshore logistical support facilities and marine- aviation services will be used to support each stage of the project, the company said. Appraisal of Sapakara South and Krabdagu was successfully completed in August 2023 with the drilling and testing of three exploration wells (OGJ Online, Sept. 13, 2023). The work confirmed combined recoverable resources close to 700 million bbl. Crude oil will be transferred to the anchored FPSO, which is expected to store up to 2 million bbl of stabilized crude oil with capacity to offload about 1 million bbl over a 24-hr period. TotalEnergies is operator of Block 58 with a 50% interest, alongside APA Corp. (50%). To Subscribe our services please contat us at care@tendersmine.com or call us at +91-9930363911 Activate to view larger image,

Ready to make a splash, here it comes, #modec #MODEC has officially entered the Guyanese market by constructing the FPSO Errea Wittu, marking a significant milestone in its expansion journey. 😀 The name of Abundance: The FPSO Errea Wittu, aptly named "abundance" in the Warrau language, symbolizes MODEC's ambitious foray into Guyana's burgeoning oil industry. This $12.7 billion project caters to ExxonMobil's Uaru development, the fifth oil project in the prolific Stabroek block. Scheduled for completion in 2026, the FPSO boasts an impressive capacity to store 2 million barrels of oil, produce 250,000 barrels per day, and handle significant gas and water injection volumes. Beyond just another FPSO project: #MODEC's commitment extends beyond mere vessel construction. It has established a local office, underlining its "unwavering" commitment and fostering partnerships with Guyanese companies like Asequith Group, Guyana Oil & Gas Support Services, and Zeco Group. 👉 This strategic move positions the company for deeper integration into the local ecosystem, potentially creating employment opportunities and knowledge transfer. Important to mention #MODEC has enlisted renowned partners for crucial aspects. Jumbo Offshore will handle the pre-installation of the mooring spread, while SOFEC, a MODEC Group company, will supply the FPSO mooring system. The Swiss automation giant ABB contributes a complete electrical system and digital solutions. T New generation when we think Sustainability: While focused on oil production, MODEC highlights its commitment to sustainability. COO Katsuyuki Imaizumi emphasizes, "The Uaru project serves as a beacon, guiding us towards a future where sustainability and progress go hand in hand." Whether this translates into concrete actions within the project remains to be seen, but it reflects a growing industry trend toward responsible development. But why ALL this frenzy? Let's think together. Simple math... Guyana, poised to become the world's fourth-largest offshore oil producer by 2035, presents a lucrative opportunity for #MODEC. Its timely entry positions the company to capitalize on the South American FPSO market boom, estimated to reach $20 billion by 2027. My takeaway, for now, is that MODEC's jump into Guyana signifies a strategic move with potentially significant implications, and risky as expected. While economic benefits and technological advancements are promising, responsible resource management and community engagement are paramount. As the project unfolds, careful monitoring and evaluation will be necessary to assess its true impact on both the company and the Guyanese nation. Im thrilled to see the next chapters! You? #insightspablocosta #modec #guyana #fpso #market #oilandgasindustry Costa Effective Consulting LTDA #insider Source: https://lnkd.in/dMKeW2a8

Porto do Açu in Rio de Janeiro state has begun pre-dismantling activities on the first of three floating production, storage, and offloading (#FPSO) vessels owned by Petrobras, as Brazil’s largest #deepwater port targets the country’s emerging decommissioning sector. A “docking and services” contract signed last year with Brazil’s state energy giant calls for the 337-meter-long FPSO, dubbed P-33, to be temporarily berthed at the port complex while hull cleaning activities and disposal of the vessel’s effluent and waste are carried out. The work is part of the port’s long-term strategy to house Brazil’s first sustainable #decommissioning hub. As it stands, Brazil has no specialized terminal for decommissioning #vessels and #rigs, with units often shipped to India or other Asian countries for dismantling. “We want to make Açu a platform of excellence in sustainable decommissioning, following the best international practices and offering local content for the final phase of the exploration and production cycle,” said Eugenio Figueiredo, CEO of Porto do Açu. Petrobras recently said it was planning to invest nearly US$10 billion over the next five years to dismantle 26 platforms including eight FPSOs, 360 wells and 2,500 kilometers of #risers and #flowlines. Decommissioning projects are already a key source of work for #breakbulk movers in Brazil. The Port of Açu believes it is well-placed to capitalize on the demand, pointing to its proximity to the offshore oil-producing Campos Basin, the capacity to berth multiple units and equipment for extended periods, its licensing and ability to remove #biofouling, and its integration with Brazil’s existing scrap logistics network. The complex, which boasts more than 130 square kilometers of land – twice the size of Manhattan – already houses 22 companies and 11 private terminals including a multi-cargo terminal (T-MULT) capable of handling heavy #oilandgas components such as risers, reels, condensers, and #turbines. Açu is also home to Latin America’s largest gas-fired #thermoelectric park. “Açu has one of the best infrastructures in the country for sustainably supporting the oil and gas decommissioning industry, with ample draft, available area with direct access to the quay and a service cluster that brings together various suppliers for port and maritime support,” said Vinicius Patel, port administration director at Açu. Breakbulk Americas 2024 is happening on 15-17 October in Houston. 🎟️Get your ticket today: https://lnkd.in/eXMEG2At #bbam2024 #breakbulkamericas

Saipem signs deal with shipyard to build FPSO for $6 billion TotalEnergies project. Angola's pivotal Kaminho project advances as Saipem and Chinese yard finalise FPSO contract. That sounds like a significant development in the energy sector! Building an FPSO (Floating Production Storage and Offloading) unit for the Kaminho project in Angola is a major undertaking. Saipem and the Chinese shipyard collaborating on this project underscores the international cooperation involved. FPSOs are crucial for offshore oil and gas production, especially in deepwater fields like those found off the coast of Angola. This project could have substantial implications for both Saipem and TotalEnergies. https://lnkd.in/g7Vt2EwQ

The FPSO is more than 90% complete while “solid” progress has been achieved in increasing the pace of construction work. This is not the first change in the #NorthSea project’s #firstoil schedule, as the start-up was initially anticipated in late 2023, but got pushed to 3Q 2024 during a revision of the project’s cost estimate. The field life extension project is now slated to come online in 4Q 2024. Vår Energi #oilgas #FPSO #oilandgasnews #offshoreenergy #oilandgas #Norway

Shell Namibia Upstream is seeking to extend its environmental clearance certificate (ECC) for 3D acquisition, a key element of its license. The company plans to acquire 3D streamer seismic and ocean bottom node (OBN) data, aiming for more detailed coverage to identify optimal drilling locations. With the ECC set to expire in June 2021, Shell has a history of successful drilling in the PEL 39 licence area, covering 12,299 square km with water depths ranging from 800 to 2,500 meters. The seismic acquisition is anticipated soon, following stakeholder engagement in February and a ministry review, with a decision expected in March. Wynand Hermanus van Wyk Levy Hamukoto Evans EDEBOR Murielle Coué Petlong Dakhling Dakim Dung Ikechukwu Promise Obialor Follow The African Energy Council for more energy news #oilandgasexploration #namibia #energy #aecouncil #shell #Exploration #EnergyFuture #offshore #NamibiaOil #ResourceExploration #seismic #energyefficiency #sustainableenergy #oilindustry