Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore that are heavily affected by COVID-19. If the epidemic escalates, the delays could increase to nine or even 12 months, especially taking into account the restricted time windows for heavy transport, installation and hook-up. The average development time for an FPSO is 36 months, meaning that companies could face a 30% delay.
Recently, under the traction of six tugs, the P71 FPSO (Floating production, storage and offloading units) hull built by CIMC Raffles for Petrobras left the deep-water wharf of Yantai base for the Brazilian sea area. The project is the first FPSO type delivered by CIMC raffles, marking a new breakthrough in the field of offshore oil and gas production equipment. In this session, CIMC will share how they have implemented innovative construction technologies to build FPSO faster to deliver projects on schedule
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In this session, Schneider Electric will take a look at the various usage of digital twins and digital FPSO designs in the industry and how to properly integrate thesesolutions to help optimise construction and operations of FPSOs
Last year, we looked at the contracting strategies, characteristics, key features of Mediterranean's 1st deep offshore gas focused FPSO The Energean project team emphasised on how the “Keep it simple” principals helped to enhance project cost and schedule. A lot of progress has taken place since then, hence this session will further elaborate on the key lessons learned, milestone and project progress up to date, as well as, strategies to ensure the project continues on time and on-budget.