specs
Content
Project execution and operation of the world’s first FDPSO – Azurite
- Claes W. Olsen, Prosafe Production
1
Content
•
Introduction
•
Project overview
•
FDPSO specifics
•
Project execution
•
Operations
•
Lessons learned
•
The future
•
Summary
2
Company Profile
•
One of the world’s leading FPSO contractors
•
Fleet of 11 units, including
•
Large Gas FPSO (ca 20,000T topside)
•
Worlds first FDPSO
•
Harsh weather disconnectable FPSO
•
Two FSOs
•
VLCC conversion candidate
•
Solid project execution and operational
experience built over more than 20 years
•
Proven proprietary turret/swivel mooring
technologies, including dis-connectable turret
•
Excellent operational uptime (>99%)
•
Excellent HSE records
Cost efficiency, innovative solutions and sustainable growth
3
Global Presence
- Vessels
- Offices
Amsterdam
FSO ENDEAVOR
(India)
Cyprus
FSO MADURA JAYA
(Indonesia)
Houston
FPSO ESPOIR IVOIRIEN
(Cote D'Ivoire)
Mumbai
Abidjan
Lagos
Singapore
FPSO CIDADE DE SAO MATEUS
(Brazil)
Pointe Noire
Vittoria
Rio de Janeiro
FPSO NINGALOO VISION
(Australia)
FPSO UMUROA
(New Zealand)
Perth
FPSO POLVO
(Brazil)
New Plymouth
FPSO ABO
(Nigeria)
FPSO PETROLEO NAUTIPA
(Gabon)
FDPSO AZURITE
(Congo)
4
Safety First – Always
Lost Time Incident Frequency
against Million Man-hours
1,6
1,4
1,2
1
0,8
0,6
0,4
0,2
0
2006
2007
2008
2009
Prosafe Production Project Safety Statistics 2006 - 2009
The Azurite Field Development delivered without Lost Time Injuries !
5
FDPSO Azurite - A Success
Murphy Oil Corporation’s President and CEO, David M. Wood:
“The Azurite project marks an innovative approach to
minimizing the cost and maximizing the value of a
deepwater development. Production from the field will
continue to ramp up for the remainder of the year as
additional wells are brought on stream.”
Source: Press Release , 10 August 2009
6
Key Project Milestones
•
Concept definition late 2006
•
Long lead items placed early 2007
•
Left shipyard January 2009
•
Ready for drilling April 2009
•
First oil August 2009
Fast track project execution in a heated and challenging market environment
7
FDPSO Specifics
•
260,000 dwt VLCC conversion
•
Oil Production:
40,000 BOPD
•
Gas production:
75 mmscfd
•
Water injection:
60,000 BWPD
•
Oil storage:
1.4 mmbbls
•
Accommodation:
136 POB
•
12 line “active” spread mooring solution
•
Modular drilling derrick capacity:
•
1,250kip hook load
•
Top Drive: 500T x 1,150HP
Simultaneous drilling, production and water injection
8
FDPSO Design Process
Prosafe Production
Murphy Oil
Experience
Nabors Drilling
Innovation
Cooperation
Well
intervention
Production
&
Drilling
Integrated
FDPSO
Concept
A unique concept based on proven technology and entrepreneurship
9
Strong Project Partners
• Murphy Oil supported by Doris and WJM
- operatorship, functional specifications and follow-up
• Keppel Shipyard, Benoi
- Vessel R&LE and conversion + drilling modules integration
• Nabors Drilling
- Modular drilling equipment set + drilling services
• Kencana, Malaysia
- Provision of topside modules
• Det Norske Veritas (DNV)
- Classification and design reviews
Licence partners PA Resources and Société Nationale des Pétroles du Congo
10
Offshore Installation Phase
•
Field located in 1,400 m of water depth
•
80 nautical miles offshore
•
12 line “active” spread mooring system
•
3 flexible risers (2 prod + 1 WI) connected
to subsea manifold
•
Good planning and close co-operation
between involved parties
•
Offshore hook-up / installation
management by Prosafe Production
Installation campaign offshore Congo done in record time of 8 days
11
Field Layout
12
Simultaneous Operations
•
Simultaneous drilling and production
•
Drilling services by Nabors
•
All other operations done by Prosafe Production
•
Coherent HSE philosophy
•
Operations and maintenance managers in country
•
Training program for national employees
•
All support activities managed locally
A strong in-country presence ensuring safe and efficient operations
13
Lessons Learned
•
The general challenges of a “heated market”
•
Interpretation of class rules for new concepts
•
Optimization of drilling and FPSO yard
integration work
•
Definition of interfaces drilling/production
•
Freeze of “conceptual designs”
•
Close co-operation between Operations and
Project teams – a key to success
•
Communication over time zones
Optimizations will be realized during the next FDPSO project
14
FPSO - Demand
•
Pipeline of floating production
projects continue to grow
•
Drivers for F(D)PSO concept
remains intact
•
Leading indicators point to
strong long-term demand
•
Supply side decreasing
No. of FPU projects in planning stage
170
134
141
143
Jul-08
Nov-08
156
160
Mar-09
Jul-09
119
Nov-07
Mar-08
Nov-09
Source: IMA
Bright long-term outlook
15
Leading Indicators
Brent oil price – high for several years
Oil price has remained
high for several years
(except of a few
months late 2008/early
2009)
•
Deepwater drilling
activity is set to remain
high for several years
to come
Deepwater drillers – high activity level expected
180
Available
160
Contracted
140
50
120
Rig years
•
100
97
110
132
1
80
60
Positive leading indicators
81
8
40
97
112
101
89
74
62
20
40
0
2009
2010
2011
2012
2013
Source: First Securities
2014
2015
16
FDPSO – Drivers
Implications
Main Challenges
Deep
waters
Increased
exploration
in “difficult”
areas
High cost for production and
drilling units
FDPSO Benefits?
Yes
Lack of infrastructure
Remote
areas
Marginal
fields
High cost for mobilization of
drilling rigs
Short lifetime of fields and need
of well intervention capabilities
Yes
Yes
Marginal
fields
Needs for early production and extended life of fields are important drivers
17
Future Drilling Market
18
18
Commercial Benefits of FDPSO
Dayrate of FDPSO vs. Drilling Unit and FPSO
• Lower combined cost of drilling and
production*
• Accelerated production
Drilling rig + FPSO
450,000
Dayrate in USD per day
USD 300k/day vs. USD 470k/day
(FDPSO)
(Drilling rig + FPSO)
500,000
400,000
350,000
300,000
FDPSO
250,000
200,000
Topside drilling rig removed from FDPSO
150,000
100,000
50,000
FDPSO – production from 1st well
FPSO – production from arrival of FPSO
0
Arrival of FPSO
Sample Production Profile
FDPSO vs. Drilling Unit + FPSO
60,000
* Indicative rates for 1,500 m drilling rig, single hull
FPSO with 1.5 mill bbls storage in benign area, 50,000
bopd, 50,000 b/d water inj., Spread moored, 15 year life
50,000
Oil Production b/d
• Lower cost of logistics and
consumables
Time
Completion of drilling
40,000
30,000
FDPSO
Drilling Unit + FPSO
20,000
10,000
Benefit from accelerated production depends
on timing of arrival of FPSO
0
0
20
40
60
Months
80
19
100
19
FDPSO Competitiveness
• Benefits from “fast tracking” the field development
• Availability and cost of drilling rigs
• The length of the drilling program, and need for future wells
• The number of wells that can be drilled with “active” spread mooring
• The complexity of the wells and need for future well intervention
• Benefits from simultaneous drilling and production
• Benefits from a phased field development (EWT period, EPS etc)
• Re-deployment on future fields
• The environmental conditions at the field
Competitiveness is determined by a range of factors
20
Offering a Range of Services
• FDPSO design and project execution
• Co-operation with modular drilling package providers
• Delivery of different sizes modular rigs
- Well intervention
- Well completions, in-fill drilling/side-tracks
- Full drilling capacity
• Simultaneous operations
- Including drilling and well services
• Split of responsibilities dependant upon client and contractor team
- Experience and capabilities
Prosafe Production will expand the range of FDPSO services
21
Summary
• A unique FDPSO successfully delivered
• Exceptional safety performance
• World class operational performance
• Cost efficient solution
• A Catalyst for marginal, remote and deepwater fields
• Expanding the range of FDPSO services
• Optimizations of the next project execution
FDPSO Azurite – An innovative stepping stone for the industry
22
Thank You for Your Attention
23
- Claes W. Olsen, Prosafe Production
1
Content
•
Introduction
•
Project overview
•
FDPSO specifics
•
Project execution
•
Operations
•
Lessons learned
•
The future
•
Summary
2
Company Profile
•
One of the world’s leading FPSO contractors
•
Fleet of 11 units, including
•
Large Gas FPSO (ca 20,000T topside)
•
Worlds first FDPSO
•
Harsh weather disconnectable FPSO
•
Two FSOs
•
VLCC conversion candidate
•
Solid project execution and operational
experience built over more than 20 years
•
Proven proprietary turret/swivel mooring
technologies, including dis-connectable turret
•
Excellent operational uptime (>99%)
•
Excellent HSE records
Cost efficiency, innovative solutions and sustainable growth
3
Global Presence
- Vessels
- Offices
Amsterdam
FSO ENDEAVOR
(India)
Cyprus
FSO MADURA JAYA
(Indonesia)
Houston
FPSO ESPOIR IVOIRIEN
(Cote D'Ivoire)
Mumbai
Abidjan
Lagos
Singapore
FPSO CIDADE DE SAO MATEUS
(Brazil)
Pointe Noire
Vittoria
Rio de Janeiro
FPSO NINGALOO VISION
(Australia)
FPSO UMUROA
(New Zealand)
Perth
FPSO POLVO
(Brazil)
New Plymouth
FPSO ABO
(Nigeria)
FPSO PETROLEO NAUTIPA
(Gabon)
FDPSO AZURITE
(Congo)
4
Safety First – Always
Lost Time Incident Frequency
against Million Man-hours
1,6
1,4
1,2
1
0,8
0,6
0,4
0,2
0
2006
2007
2008
2009
Prosafe Production Project Safety Statistics 2006 - 2009
The Azurite Field Development delivered without Lost Time Injuries !
5
FDPSO Azurite - A Success
Murphy Oil Corporation’s President and CEO, David M. Wood:
“The Azurite project marks an innovative approach to
minimizing the cost and maximizing the value of a
deepwater development. Production from the field will
continue to ramp up for the remainder of the year as
additional wells are brought on stream.”
Source: Press Release , 10 August 2009
6
Key Project Milestones
•
Concept definition late 2006
•
Long lead items placed early 2007
•
Left shipyard January 2009
•
Ready for drilling April 2009
•
First oil August 2009
Fast track project execution in a heated and challenging market environment
7
FDPSO Specifics
•
260,000 dwt VLCC conversion
•
Oil Production:
40,000 BOPD
•
Gas production:
75 mmscfd
•
Water injection:
60,000 BWPD
•
Oil storage:
1.4 mmbbls
•
Accommodation:
136 POB
•
12 line “active” spread mooring solution
•
Modular drilling derrick capacity:
•
1,250kip hook load
•
Top Drive: 500T x 1,150HP
Simultaneous drilling, production and water injection
8
FDPSO Design Process
Prosafe Production
Murphy Oil
Experience
Nabors Drilling
Innovation
Cooperation
Well
intervention
Production
&
Drilling
Integrated
FDPSO
Concept
A unique concept based on proven technology and entrepreneurship
9
Strong Project Partners
• Murphy Oil supported by Doris and WJM
- operatorship, functional specifications and follow-up
• Keppel Shipyard, Benoi
- Vessel R&LE and conversion + drilling modules integration
• Nabors Drilling
- Modular drilling equipment set + drilling services
• Kencana, Malaysia
- Provision of topside modules
• Det Norske Veritas (DNV)
- Classification and design reviews
Licence partners PA Resources and Société Nationale des Pétroles du Congo
10
Offshore Installation Phase
•
Field located in 1,400 m of water depth
•
80 nautical miles offshore
•
12 line “active” spread mooring system
•
3 flexible risers (2 prod + 1 WI) connected
to subsea manifold
•
Good planning and close co-operation
between involved parties
•
Offshore hook-up / installation
management by Prosafe Production
Installation campaign offshore Congo done in record time of 8 days
11
Field Layout
12
Simultaneous Operations
•
Simultaneous drilling and production
•
Drilling services by Nabors
•
All other operations done by Prosafe Production
•
Coherent HSE philosophy
•
Operations and maintenance managers in country
•
Training program for national employees
•
All support activities managed locally
A strong in-country presence ensuring safe and efficient operations
13
Lessons Learned
•
The general challenges of a “heated market”
•
Interpretation of class rules for new concepts
•
Optimization of drilling and FPSO yard
integration work
•
Definition of interfaces drilling/production
•
Freeze of “conceptual designs”
•
Close co-operation between Operations and
Project teams – a key to success
•
Communication over time zones
Optimizations will be realized during the next FDPSO project
14
FPSO - Demand
•
Pipeline of floating production
projects continue to grow
•
Drivers for F(D)PSO concept
remains intact
•
Leading indicators point to
strong long-term demand
•
Supply side decreasing
No. of FPU projects in planning stage
170
134
141
143
Jul-08
Nov-08
156
160
Mar-09
Jul-09
119
Nov-07
Mar-08
Nov-09
Source: IMA
Bright long-term outlook
15
Leading Indicators
Brent oil price – high for several years
Oil price has remained
high for several years
(except of a few
months late 2008/early
2009)
•
Deepwater drilling
activity is set to remain
high for several years
to come
Deepwater drillers – high activity level expected
180
Available
160
Contracted
140
50
120
Rig years
•
100
97
110
132
1
80
60
Positive leading indicators
81
8
40
97
112
101
89
74
62
20
40
0
2009
2010
2011
2012
2013
Source: First Securities
2014
2015
16
FDPSO – Drivers
Implications
Main Challenges
Deep
waters
Increased
exploration
in “difficult”
areas
High cost for production and
drilling units
FDPSO Benefits?
Yes
Lack of infrastructure
Remote
areas
Marginal
fields
High cost for mobilization of
drilling rigs
Short lifetime of fields and need
of well intervention capabilities
Yes
Yes
Marginal
fields
Needs for early production and extended life of fields are important drivers
17
Future Drilling Market
18
18
Commercial Benefits of FDPSO
Dayrate of FDPSO vs. Drilling Unit and FPSO
• Lower combined cost of drilling and
production*
• Accelerated production
Drilling rig + FPSO
450,000
Dayrate in USD per day
USD 300k/day vs. USD 470k/day
(FDPSO)
(Drilling rig + FPSO)
500,000
400,000
350,000
300,000
FDPSO
250,000
200,000
Topside drilling rig removed from FDPSO
150,000
100,000
50,000
FDPSO – production from 1st well
FPSO – production from arrival of FPSO
0
Arrival of FPSO
Sample Production Profile
FDPSO vs. Drilling Unit + FPSO
60,000
* Indicative rates for 1,500 m drilling rig, single hull
FPSO with 1.5 mill bbls storage in benign area, 50,000
bopd, 50,000 b/d water inj., Spread moored, 15 year life
50,000
Oil Production b/d
• Lower cost of logistics and
consumables
Time
Completion of drilling
40,000
30,000
FDPSO
Drilling Unit + FPSO
20,000
10,000
Benefit from accelerated production depends
on timing of arrival of FPSO
0
0
20
40
60
Months
80
19
100
19
FDPSO Competitiveness
• Benefits from “fast tracking” the field development
• Availability and cost of drilling rigs
• The length of the drilling program, and need for future wells
• The number of wells that can be drilled with “active” spread mooring
• The complexity of the wells and need for future well intervention
• Benefits from simultaneous drilling and production
• Benefits from a phased field development (EWT period, EPS etc)
• Re-deployment on future fields
• The environmental conditions at the field
Competitiveness is determined by a range of factors
20
Offering a Range of Services
• FDPSO design and project execution
• Co-operation with modular drilling package providers
• Delivery of different sizes modular rigs
- Well intervention
- Well completions, in-fill drilling/side-tracks
- Full drilling capacity
• Simultaneous operations
- Including drilling and well services
• Split of responsibilities dependant upon client and contractor team
- Experience and capabilities
Prosafe Production will expand the range of FDPSO services
21
Summary
• A unique FDPSO successfully delivered
• Exceptional safety performance
• World class operational performance
• Cost efficient solution
• A Catalyst for marginal, remote and deepwater fields
• Expanding the range of FDPSO services
• Optimizations of the next project execution
FDPSO Azurite – An innovative stepping stone for the industry
22
Thank You for Your Attention
23
