In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines.
This is in spite of setbacks from the COVID-19 pandemic at its yards in China and spin-off effects of the Russian war on Ukraine.
China’s pandemic measures have been relaxed but a surge of new positive cases could threaten works. SBM Offshore is confident and said that safeguards are being derived to mitigate impacts on project executions.
For Brazil’s FPSO Sepetiba, SBM Offshore said that integration and commissioning activities are progressing with first oil targeted later in 2023. The company said too that Fast4Ward MPF hull for the FPSO Almirante Tamandaré is nearing completion while its topside fabrication is progressing.
The vessel is on track for its 2024 start-up.
There is also the FPSO Alexandre de Gusmão for Brazil which SBM Offshore said fabrication works on the topside are still continuing. First oil is expected in 2025.
Guyana’s Prosperity FPSO for its Payara development in the Stabroek Block has departed Singapore following the integration of the topside modules, riser and mooring structures and onshore commissioning.
SBM Offshore said it is en route to Guyana waters, where its local team will install the vessel on the Payara field. The vessel is designed to produce up to 220,000 barrels of oil per day. It has an associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. It will be moored in 1,900 metres of water and will be able to store two million barrels of crude oil and start-up is expected later this year.
There is also the ONE GUYANA vessel for Guyana’s Yellowtail development. SBM said that the topsides fabrication is advancing with first oil expected at the end of 2025.
SBM Offshore has also received orders for seven new Fast4Ward MPF hulls, with ExxonMobil Guyana granted exclusivity on the seventh.
