Priyadarshi Aman’s Post

MODEC Entrusts Seatrium with Errea Wittu FPSO Topsides Integration 🚢🔧 MODEC has awarded Seatrium, through its subsidiary Offshore Frontier Solutions, a significant contract for the topsides integration of the Errea Wittu floating production storage and offloading (FPSO) unit. This development marks another milestone in the longstanding partnership between MODEC and Seatrium, reinforcing Seatrium’s status as a leader in FPSO conversions. The scope of the contract includes the installation and integration of topside modules on the FPSO Errea Wittu, along with completion and commissioning support for MODEC. The FPSO is destined for deployment at ExxonMobil’s Uaru Field in the Stabroek Block, located approximately 200 kilometers offshore Guyana. The FPSO Errea Wittu boasts impressive specifications, with a production capacity of 250,000 barrels of oil per day (bopd), a water injection capacity of 350,000 barrels per day (bwpd), gas production capabilities of 540 million cubic feet per day (mmscfd), and a storage capacity of two million barrels of oil. Marlin Khiew, Executive Vice President, Oil & Gas (Americas) at Seatrium, expressed enthusiasm about the project, stating, “We are pleased to be working with our longstanding customer, MODEC, on yet another FPSO topsides integration project, solidifying our position as the industry leader in FPSO conversions. Through our strong partnership and unwavering dedication, including decades of collaboration with MODEC, we continue to deliver cutting-edge offshore solutions that redefine excellence.” Seatrium has a robust track record in the FPSO sector, having delivered numerous FPSO projects for MODEC since their first conversion, Whakaaropai, in 1996. The company is currently engaged in integration work for FPSO Bacalhau, which will operate in the Bacalhau field, Santos Basin, offshore Brazil. Additionally, Seatrium’s BrasFELS yard in Angra dos Reis, Brazil, is executing topside modules fabrication for FPSO Raia. Errea Wittu represents ExxonMobil’s fifth FPSO in Guyana and will support the development of the Snoek, Mako, and Uaru resources in the Stabroek block. This latest contract underscores the ongoing expansion and technological advancements in the offshore oil and gas sector, with Seatrium at the forefront of delivering innovative and reliable solutions. In related news, ABB was awarded a contract in January 2024 to provide a complete electrical system and associated digital solutions for the Errea Wittu FPSO. Additionally, MODEC has engaged Jumbo Offshore for the pre-installation of the mooring spread of the FPSO, further highlighting the extensive collaborative efforts involved in this significant offshore project. #MODEC #Seatrium #FPSO #OffshoreEngineering #OilAndGasIndustry #EnergySector #InnovationInEnergy #SustainableEnergy #ErreaWittuFPSO 🌊💡🛠️

This is really big news for Brazil's offshore industry #Upstreamonline.com recently reported that Allseas, based in Switzerland, is the frontrunner, edging out Subsea7 by presenting more economical. Now, Petrobras validating Allseas' bid, contract negotiations are expected to start soon according to the article. We are talking about The Buzios-10 SURF system will support 16 wells with resilient, 8in pipes capable of withstanding and ensuring a 30-year operational life. This project also includes complex engineering, procurement, and installation of subsea infrastructure (SURF). The contract is worth over 👀💲1.5 billion - P-82 FPSO , set to operate in the prolific Buzios field—Brazil’s largest oilfield with an estimated 11.3 billion barrels of recoverable reserves in the Santos Basin. Well, good luck Allseas Petrobras this is something! #insightpablocosta Source: https://lnkd.in/eNwzvsxV

🇬🇾🌊 Modec has emerged as the frontrunner to supply ExxonMobil with a floating production, storage, and offloading (FPSO) vessel for the Hammerhead field in the Stabroek block offshore Guyana. The FPSO will process 120,000 to 180,000 BPD of oil, and 60 to 120 MMSCFD of natural gas. Modec is reported to be already working on initial engineering, with the first oil expected by Q3, 2029. While a final investment decision is anticipated in 2025, Modec is expected to beat Dutch rival SBM Offshore for the contract. 🚢🛢️ It remains unclear whether Modec will opt for a new-build or converted FPSO, with sources suggesting a likelihood of conversion. If awarded, this will be Modec’s second floater in Guyana, after the Errea Wittu FPSO for the Uaru field. The planned Hammerhead FPSO will store between 1.4 and 2 million barrels of crude, with gas production used for power and reinjection to enhance oil recovery. 📈🔧 Discovered in August 2018, the Hammerhead field boasts 60 meters of oil-bearing sandstone southwest of the Liza and Payara fields. ExxonMobil has already unlocked 11 billion barrels of recoverable resources in Guyana and is producing 660,000 BOPD through three FPSOs at the Liza and Payara fields. ExxonMobil’s FPSO fleet in Guyana is rapidly expanding, with additional floaters, One Guyana and Jaguar, already contracted with SBM for the Yellowtail and Whiptail fields.

𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐕𝐞𝐬𝐬𝐞𝐥 – 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐏𝐫𝐨𝐟𝐢𝐭 𝐒𝐨𝐮𝐫𝐜𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 ✅𝐔𝐧𝐥𝐨𝐜𝐤 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐢𝐧 𝐘𝐨𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 – 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰@- https://lnkd.in/gbDgeGp6 #Offshore #support #vessels provide services to offshore #drilling #rigs, #pipe #laying platforms, and oil #manufacturing platforms in the production and exploration of oil and gas. The logistics and other activities in the oil and gas drilling processes are enabled and supported by these support vessels. Depending on the type of operation, different offshore support vessels have different features and properties. It is one of the oil and gas industry’s most fundamental and resourceful components. ✅𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐚𝐬 𝐛𝐞𝐥𝐨𝐰: BOURBON (France) HAVILA SHIPPING ASA (Norway) A.P. Moller - Maersk/S (Denmark) MMA Offshore Limited (Australia) SEACOR Marine Holdings (U.S.) Siem Offshore (Norway) Solstad Offshore ASA (Norway) Tidewater Inc. (U.S.) Wärtsilä (Finland) #OffshoreSupportVessels #OSVMarket #MarineSupport #OilandGasIndustry #MarineServices #OffshoreOperations #gis #analysis #demand #growth #like #repost #OffshoreLogistics #OffshoreSupplyChain #EnergyExploration #OffshoreEngineering #MaritimeIndustry #OffshoreInfrastructure #VesselTechnology #SubseaSupport #OffshoreConstruction

Aker BP gearing up to spud North Sea well with Noble rig   Norwegian oil and gas player Aker BP has received consent from the country’s offshore safety regulator to use one of Noble Corporation’s jack-up rigs for exploration activities in the North Sea off Norway. 🔽 Find more info in comments below 🔽 #Norwegian #OilandGas #AkerBP #OffshoreSafety #NobleCorporation #Exploration #NorthSea #CleanEnergy #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

After Short Term Pause, Large Floating Production Orders Poised to Resume   The pause in large Floating Production orders continued in Q1 2024 as companies adjusted to new pricing realities and the supply chain worked through the backlog of orders placed in 2021-2022. The only large order so far in 2024 was for the Cedar LNG in Canada, which will be the first FLNG in North America: $1.5 billion for Samsung and $800 million for Black & Veach. In March 2024, Karmol placed an order with Seatrium for three FSRU conversions, with an option for a fourth unit. There had been a similar slowdown in offshore drilling contracting in late 2023, but activity has resumed with recent awards for deepwater rigs now eclipsing $500,000/day. We therefore still expect significant orders for floating production units later in the year, including multiple FPSOs for Petrobras in Brazil, new frontier regions in South America, and mature areas in West Africa like Angola and the Ivory Coast. EMA’s latest edition of the Floating Production Systems Report includes details of these projected awards as well as: 184 Projects in planning pipeline 51 Production floaters and 6 storage floaters currently on order 24 Units currently available (14 FPSOs, 4 Semis, 2 FSOs, 2 FSRUs, 1 Barge, and 1 SPAR). 339 production floaters and 114 storage floaters currently in service/ available 410 production floaters, 190 storage floaters, and 24 MOPUs delivered or redeployed since 1996 According to EMA’s Managing Director, David Boggs "while there has been a slowdown in orders over the past 12 months, the fundamentals of the floating production sector remain strong. There is a long queue of developments progressing toward sanction. Cost escalation and limited contracting capacity have contributed to delays in reaching FID. There was a similar pause in the deepwater drilling market in 2H 2023, which seems to be over with rates reaching new highs. We expect multiple awards of large floating production units, including massive FPSOs for Petrobras, in the next few months.”   https://lnkd.in/g_Mf6Ghy

After Short Term Pause, Large Floating Production Orders Poised to Resume   The pause in large Floating Production orders continued in Q1 2024 as companies adjusted to new pricing realities and the supply chain worked through the backlog of orders placed in 2021-2022. The only large order so far in 2024 was for the Cedar LNG in Canada, which will be the first FLNG in North America: $1.5 billion for Samsung and $800 million for Black & Veach. In March 2024, Karmol placed an order with Seatrium for three FSRU conversions, with an option for a fourth unit. There had been a similar slowdown in offshore drilling contracting in late 2023, but activity has resumed with recent awards for deepwater rigs now eclipsing $500,000/day. We therefore still expect significant orders for floating production units later in the year, including multiple FPSOs for Petrobras in Brazil, new frontier regions in South America, and mature areas in West Africa like Angola and the Ivory Coast. EMA’s latest edition of the Floating Production Systems Report includes details of these projected awards as well as: 184 Projects in planning pipeline 51 Production floaters and 6 storage floaters currently on order 24 Units currently available (14 FPSOs, 4 Semis, 2 FSOs, 2 FSRUs, 1 Barge, and 1 SPAR). 339 production floaters and 114 storage floaters currently in service/ available 410 production floaters, 190 storage floaters, and 24 MOPUs delivered or redeployed since 1996 According to EMA’s Managing Director, David Boggs "while there has been a slowdown in orders over the past 12 months, the fundamentals of the floating production sector remain strong. There is a long queue of developments progressing toward sanction. Cost escalation and limited contracting capacity have contributed to delays in reaching FID. There was a similar pause in the deepwater drilling market in 2H 2023, which seems to be over with rates reaching new highs. We expect multiple awards of large floating production units, including massive FPSOs for Petrobras, in the next few months.”   https://lnkd.in/g_Mf6Ghy

Have you heard about Perdido Spar? The Perdido Spar is believed to be the world’s deepest subsea well. It is located in the Gulf of Mexico and being operated by Shell in collaboration with other Oil and Gas production companies. It is situated 200 miles off the coast of Galveston, Texas and the platform structure is a floating production system tethered or chained to the seabed by vertical mooring lines that helps it to maintain stability in deep waters and withstand severe weather conditions. The platform drills through 10,000 feet of water and 9,000 feet of mud, salt, and rock formations. The project aims to produce up to 130,000 barrels of oil and natural gas per day. The first oil was extracted in 2010.  The platform is strategically located to access significant hydrocarbon reserves in three major oil fields: ·      Great White ·      Tiber ·      Perdido The Perdido Spar is an example of modern offshore drilling technology aim at recovery of unconventional resources located in deep subsea. Its strategic location, advanced engineering design and capacity make it a vital asset in recovery of unconventional hydrocarbon resources in the Gulf of Mexico. #oilandgasengineering #petroleumengineering #reservoirengineering #productionengineering #oilandgasstimulation #oilandgasrecovery #unconventionalresources #innovativetechnology

#VesselUpdate: Construction of Uaru FPSO - Guyana Fifth FPSO - Begins! Japanese FPSO operator MODEC has confirmed the start of the construction phase for Uaru FPSO (Errea Wittu), destined to work on ExxonMobil’s fifth oil development in the Stabroek block offshore Guyana. The Uaru FPSO is named "Errea Wittu", which means "abundance", in the local Warrau language, and will be the fifth FPSO in Guyana. The FPSO will combine the development of the Snoek, Mako, and Uaru resources in the Stabroek block. It will be deployed approximately 200km offshore Guyana, at a water depth of 1,690m, using a SOFEC, Inc. Spread Mooring System. MODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions, a MODEC Group Company and a joint venture with Toyo Engineering Corporation, launched in August 2022, will be responsible for the engineering, procurement, and construction of the FPSO based on MODEC’s M350TM new-build hull. The FPSO will have a topside designed to produce approximately 250,000 barrels of oil per day and will have an associated gas treatment capacity of 540 million cubic feet per day, a water injection capacity of 350,000 barrels per day, and produced water capacity of 300,000 barrels per day. The vessel will also have the capacity to store 2 million barrels of oil MODEC will provide ExxonMobil with operations and maintenance service of the FPSO for 10 years from its first oil production. #fpso #oilandgasindustry #oilproduction

𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐕𝐞𝐬𝐬𝐞𝐥 – 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐏𝐫𝐨𝐟𝐢𝐭 𝐒𝐨𝐮𝐫𝐜𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (✅𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲- https://lnkd.in/gbDgeGp6 (𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙢𝙖𝙞𝙡 𝙄𝘿 𝙥𝙧𝙚𝙛𝙚𝙧𝙧𝙚𝙙 𝙛𝙤𝙧 𝙩𝙤𝙥 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙮) Offshore support vessels provide services to offshore drilling rigs, pipe laying platforms, and oil manufacturing platforms in the production and exploration of oil and gas. The logistics and other activities in the oil and gas drilling processes are enabled and supported by these support vessels. Depending on the type of operation, different offshore support vessels have different features and properties. It is one of the oil and gas industry’s most fundamental and resourceful components. ✅𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐚𝐬 𝐛𝐞𝐥𝐨𝐰: BOURBON (France) HAVILA SHIPPING ASA (Norway) A.P. Moller - Maersk/S (Denmark) MMA Offshore Limited (Australia) SEACOR Marine Holdings (U.S.) Siem Offshore (Norway) Solstad Offshore ASA (Norway) Tidewater Inc. (U.S.) Wärtsilä (Finland) #OffshoreSupportVessels #OSVMarket #MarineSupport #OilandGasIndustry #MarineServices #OffshoreOperations #gis #analysis #demand #growth #like #repost #OffshoreLogistics #OffshoreSupplyChain #EnergyExploration #OffshoreEngineering #MaritimeIndustry #OffshoreInfrastructure #VesselTechnology #SubseaSupport #OffshoreConstruction