Upstream project news

The FPSO will be chartered for 21 years and deployed in the Búzios field in the Santos Basin, offshore Brazil.

The mooring line monitoring technology that has been developed by BMT has been supplied to LMC to monitor mooring pull-in and inclination of the chain stoppers during the FPSO hook-up installation phases and long-term operation of its internal turret mooring system on the Helang FPSO.

Drilling operations at the TLP-103C-ST well offshore the Republic of the Congo could commence either in 1Q20 or 2Q20, dependent on the rig’s current commitments.

It will serve all ADNOC Group companies, catering to the upstream, midstream and downstream segments.

Recent events in the Middle East, including risks to oil tankers in the Strait of Hormuz, have brought safety to the forefront of many operators’ minds.

Steve Gordon, Managing Director of Clarksons Research, said that offshore investment and activity levels are increasing in the region, with project Final Investment Decisions totalling US$23 billion reported in the year to date.

Recent reporting from the company's ongoing project in support of NPCC demonstrate a 60% reduction in overall cutting time utilising its ultra-high-pressure abrasive water jet internal cutting system.

The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.

The equipment and service provided by Baker Hughes will support Apache North Sea’s exploration and development activities in the North Sea for the next three years.

SBM Offshore will perform FEED work for a FPSO for the Payara development project located in the Stabroek block in Guyana.