Both the execution and commissioning of Brownfield projects can constitute major challenges to the oil and gas industry. However they can also be a solution to financial and operational constraints.In this article, Kevin Bourgeois, VP Brownfield Projects, Kosmos Energy, tells us six guidelines for executing offshore Brownfield projects.
In this Q&A report, we list down 15 of the most common and relevant topics on FPSO contracting and financing models. This includes financing opportunities, perspectives from an oil company client and also FPSO leasing models.
As the desire for national oil and gas independence intersects with technological advancements, the feasibility and desirability of marginal field exploitation has increased exponentially. The mobility and low CAPEX of FPSO vessels make them an ideal solution for successfully monetizing them.
In this article we examine taking the flexible approach to marginal field extraction with FPSOs.
Projects will continue to be mooted and securing finances is the first step on the road to commission and deployment. In consultation with veteran FPSO and financial professionals alike, we have put together a checklist of how to secure the cold hard cash needed to get your FPSO project off the ground in this adverse commercial climate.
Deepwater Area Operations Manager
Vice President Operations UK
With conflicts over confidentiality and issues arising out of regulator and legislative environments, collaboration within the FPSO industry is complex to say the least. Yet collaboration is one of the key success indicators going forward according to Simon Bradbury, COO of The Steam Oil Production Company. We sit down with him to discuss the collaboration conundrum ahead of the FPSO Europe Congress in London this February 2018
Redeployment has its challenges. Depending on different oil fields and their requirements, amendments to the vessels can be resource and time extensive, and this usually results in significant project delays and budget overruns. However when done right, redeployment certainly makes economic sense
- Characteristics that made redeployments successful
- Updates on redeployments in the market
- What industry leaders are saying
Exclusively for the FPSO Europe Congress 2019, Rystad Energy has released a report on the state of the FPSO industry. As the market stirs back to life after enduring a couple of years in virtual hibernation, this report looks at new projects for 2019-2021 and explores activities in both the North Sea and West Africa. Download the report to read more.
The financial challenges and technical risks remain high for marginal field development but FPSOs provide a viable solution. New technologies will be key to success in addition to securing lower cost expenditures. In this ebook we explore:
- How we mitigate the potential technical risks
- The viability of FPSOS as a solution
- Current examples of FPSOs remodeled for marginal fields
- Why FPSO relocations are a smart move for marginal field development
- Insight from industry thought leaders
Click here to read more.