01 - 04 September, 2020
| Singapore
Congress Day 2 - Thursday, 3rd September 2020
8:00 am - 8:50 am
Morning Refreshment & Registration
8:50 am - 9:00 am
Opening Address By Congress Chairman
Mr Jeffrey Sim -
Chief Operating Officer,
Rubicon Offshore
9:00 am - 9:30 am
Commercialising Fields Using Redeployed FPSOs – A Means to Navigate $30/bbl Oil?
Mr Jo Friedmann -
Senior Oilfield Service Analyst,
Rystad Energy
Rather than investing in brand new FPSOs for marginal or brown fields, oil operators have successfully refurbished existing FPSOs and redeployed them accordingly. In this dynamic oil price climate, can redeployment be used as an alternative means to advance FPSO projects? However, the question of redeployment is not as easy as it may appear, and could require extensive modifications which impact project timelines and project commercials
- Identifying the advantages of redeploying existing FPSOs instead of using newbuilds
- Sharing the difficulties faced when refurbishing an existing FPSOs for redeployment in a new field
- Identifying how an FPSO is determined to be suitable for redeployment, and the project execution strategy to successfully deliver on time and on budget
9:30 am - 10:00 am
Establishing FPSO Integrity through Innovative Structural Digital Twin Technology
An operator was experiencing high FPSO maintenance expenses, due to complex inspection and maintenance workflows that required a data-driven approach to provide actionable maintenance insights. Using the Akselos structural Digital Twin, the supermajor is achieving 5x ROI for the engineering workflow, enabling structural analysis as frequently as new inspection data is available
Top of Form
- Harnessing structural digital twin technology for asset integrity
- Enhancing holistic structural integrity management through real-time monitoring
- Optimising FPSO inspection ROI with structural simulation technology
Sponsored by: Akselos
10:00 am - 10:30 am
Data-Driven FPSOs: Fast-Tracking your FPSOs Conceptual and Design Phase to Operations and Asset Integrity with a Digital Roadmap
Mr Soichi Ide -
Chief Digital Officer (CDO),
MODEC Group
There has been a great deal of discussion surrounding the opportunities presented by digitalisation in the FPSO industry,. Largely, there have been many concerted efforts on integrating digital solutions in FPSO operations and maintenance. The conversation has now started discussing ways to leverage these solutions right from the FPSO design, construction and engineering phase itself to move towards a data-driven FPSO. In this session, industry players share ways to develop a comprehensive digital roadmap designed to help FPSO harness the full power of digital transformation throughout the entire project life cycle
- Capitalising on powerful data analytics and visualisation to make optimal and rapid operating decisions for FPSOs
- Enabling engineering and design trails via data and modeling to speed up the project timeline and reduce overall capital cost of asset development
- Fusing data and futuristic design to supercharge innovation in FPSO engineering, design, operations and maintenance
10:30 am - 11:00 am
How Digitisation Drives Innovation for the New Energy Landscape
Despite recent difficult years, the oil and gas industry is still the world’s largest industry. As oil prices are back on the rise and OPEC and Non-OPEC companies are working together, a new paradigm is on the horizon. A new energy future. Why? Recent headwinds have taught oil and gas companies strict cost disciplines and as they look to the future, they plan to maintain a tight hold on these lowered costs to operate. Yet with oil price increasing, new investments will and need to be made
- What’s the new energy future: Delving into the new paradigm shift with the oil prices back on the rise
- Sharing examples from recent and ongoing projects on how operators can leverage digital technologies to reduce costs, improve efficiency while maintaining safety and license to operate
- Looking at new investment areas for digital solutions to optimise FPSO production and operations
Sponsored by: ABB Group
11:00 am - 11:30 am
Morning Tea & Networking Break
The COVID-19 outbreak has caused many contracting problems during the construction and installation phase of a FPSO project. It is important for project stakeholders to manage their contracts effectively to maintain good relationships across the value chain despite any project conflicts that may arise due to this global pandemic.
A group of experienced financiers will be on stage to kick-off a 20 mins discussion on whether the FPSO industry is still an attractive sector to invest in. During this session, delegates can post questions anonymously on a message board through the FPSO Network application. The financiers will then spend the next 40 mins answering these questions.
Structure clear responsibility governing FPSO project development including construction timelines and deliverables to ensure optimal productivity
This session will list down the various financing and legal issues surrounding vessel charter contracts and what can lenders’ do to overcome them and to reach a cost-effective win-win solution for all parties involved
Sponsored by: MAN Energy Solution
The current market environment presents a very opportune time for FPSO contractors and oil companies to go back to the drawing board to plan and design the next generation of FPSOs that are more efficient and productive, and have lower OPEX and CAPEX
Evaluate the benefits and limitations of FPSO standardisation vs. prescriptive whilst pursuing FPSO design and construction excellence
Identify key pre-FEED processes that companies should focus on getting right to develop a robust FEED for on-target project deliverables
