Epc

  • Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate.

     
    This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak.
     
    Recent Orders
    Here’s a round-up of contracts awarded last year and in January 2018. 
     
    Tempera FPSO - Keppel in January 2017 received a contract from Dixstone Holdings, an affiliate of Perenco, to convert a tanker to an FPSO for use on the Yombo field offshore the Congo. The 2002-built Aframax-size tanker Tempera is being used as the conversion hull. When completed, it will replace the Conkouati, which has served as the FPSO on the field since 1991.
     
    Carioca MV30 FPSO - In October 2017 Modec was awarded an EPCI contract + 21 year lease to supply an FPSO to Petrobras for use on the Sepia field in Santos Basin. The FPSO, named Carioca MV30, will be VLCC-size (1.4 million bbls storage) and have capability to produce 180,000 b/d oil, 212 mmcf/d gas (which will be re-injected) and 240,000 b/d water injection.
     
    Ca Rong Do FPSO - In April 2017 Yinson Production finalized a contract to supply an FPSO to Repsol for use on the Ca Rong Do oil/gas discovery offshore Vietnam. The unit will be leased on a time charter basis for a firm 10 years with five extension options of one year each. The estimated aggregate value of the bareboat charter is $1 billion for the entire 15-year period.
     
    Guanabara MV31 FPSO - Petrobras in December 2017 signed an EPC contract + 22-year lease with Modec to supply an FPSO as the pilot production unit on the Mero (ex-Libra) field. The FPSO will be a VLCC-size unit with capability for 180,000 b/d oil, 420 mmcf/d gas, 225,000 b/d water injection and 1.4 million bbls storage. Start of the production is planned for 2021.
     
    Liza #1 FPSO - SBM in June 2017 was awarded the EPC contract and lease for an FPSO to initiate development of the Liza oil/gas discovery offshore Guyana. The lease is for a firm 10 years with up to 10 one-year extensions. The FPSO will have production capacity for 120,000 b/d oil, 170 mmcf/d gas and water injection capacity of 200,000 b/d. The conversion is being done at Keppel.
     
    Adolo FPSO - BW Offshore in mid-2017 began modifying the Azurite FPSO for use as a production unit offshore Gabon. Keppel is doing the modification. Azurite had been available for redeployment since 2014. The FPSO currently has production capacity for 40,000 b/d oil, 18 mmcf/d gas and 60,000 b/d water. It is single hull with spread mooring able to store 1.35 million bbls oil. 
     
    Aoka Mizu FPSO - In July 2017 Bluewater was contracted by Hurricane Energy to modify and redeploy the Aoka Mizu for use as an early production system offshore the UK. The 605,000 bbl FPSO has production capability for 30,000 b/d oil and 20,000 b/d water production. It will be connected via a manifold to two production wells on the Lancaster reservoir. Dubai Drydocks World is doing the modifications/upgrades.
     
    Johan Castberg FPSO - Statoil in December 2017 awarded an EPC contract to Sembcorp Marine to fabricate the FPSO hull and living quarters for the Johan Castberg FPSO. In February 2018 an NOK 3.8 bil contract for topsides fabrication and hull/topsides integration was awarded to Kvaerner. SBM is supplying the turret mooring system. The FPSO will have 1.1 million bbls storage and production capacity of 190,000 b/d oil, 290 mmcf/d gas. 
     
    Fast4Ward Spec FPSO - SBM in June 2017 contracted with CSTC and SWS, both in China, to build a speculative VLCC-size FPSO hull that can be used on a future FPSO contract with short execution requirement. According to SBM, Fast4Ward can accelerate delivery of an FPSO by up to 12 months. 
     
    Mad Dog 2 Production Semi - In January 2017 Samsung was awarded a $1.27 billion contract to build the production semi for BP’s Mad Dog Phase 2 project The unit will have capability to produce 110,000 b/d oil and 25 mmcf/d gas from up to 14 production wells. Mad Dog 2 will be used to develop further oil discoveries near the original Mad Dog Spar in the GOM. Production is expected to begin in late 2021.
     
    Vito Production Semi - In December 2017 Sembcorp Marine received an LOI from Shell for a turnkey contract to construct the production semi for the Vito field in the GOM. The production unit will comprise a single topside module supported on a four-column semisubmersible hull. It will be moored in water depth of 1160 meters and have production capacity of 100,000 b/d oil + 100 mmcf/d gas.
     
    Ca Rong Do TWLP – In April 2107 PTSC received an EPCI contract to fabricate an 18 slot dry tree TWLP to use with an FPSO on the Ca Rong Do oil/gas field offshore Vietnam. PTSC is fabricating the unit in its Vung Tan facility. This is the first TWLP fabrication contract to be executed by PTSC. FloaTEC has a $40 million contract to provide engineering and support services to PTSC during the construction period. 
     
    Coral South FLNG - ENI in June 2017 proceeded with its project to develop LNG exports offshore Mozambique using an FLNG with 3 mtpa LNG + 0.5 mtpa condensate production capacity. Technip/Samsung/JGC JV was selected for the $ 2.5 billion FLNG EPC contract. The FLNG will be 439 m long, 65 m wide – and displace 210,000 tons. Production start is scheduled in mid-2022.
     
    Penguins FPSO - Shell in January 2018 contracted with Fluor to supply an FPSO for use on the Penguins cluster in the UK sector of the northern North Sea. The production unit will be based on a Sevan Marine 400 cylindrical design FPSO. It will have peak production capability of 45,000 boe/d – including 35,000 b/d oil – and storage for 400,000 bbls.
     
    MTC Ledang FPSO - Puteri Bangsa, a 350,000 barrel 1992-built tanker formerly used as an FSO, was modified into a small 15,000 b/d FPSO for use on the Ophir field offshore Malaysia. MTC Engineering had the EPC contract + lease to supply the unit. Keppel had the conversion contract.
     
    Sururu FPSO - In December 2017 Petrobras contracted with CIMC Raffles to build the FPSO hull for the Sururu/Atapu Norte fields in Santos Basin. The hull will be VLCC size, designed to support a 100/120,000 b/d + 200 mmcf/d topside plant. Delivery of the hull is scheduled in mid-2019. This was earlier to be the P 71, the sixth FPSO in the serial hull project.
     
    Planned Projects
    Looking forward, we are currently tracking 227 floating production projects in various stages of planning.
     
    Geographically, 35 percent of the projects in the planning queue are located in South America, 26 percent in Africa, 11 percent in SE Asia, 8 percent in Northern Europe and 7 percent in the GOM. The remaining 13 percent are spread over a half dozen other regions.
     
    Of the total projects, 53 percent involve an FPSO, 10 percent another type oil/gas production floater, 33 percent liquefaction/regasification floater and 4 percent storage/offloading floater. 
     
    As for timing, 64 percent of the projects in the planning queue are likely to lead to a production system contract within the next five years. The remaining 36 percent consists of longer term projects where the production system order is likely after 2022. In the very near term are 24 FPSO projects, several FPU projects and 20+ FLNG/FSRU projects likely to reach an investment decision within 2018/19.
     
    Details for all known planned projects are provided in the online WER Floating Production Database
     
     
    For more information contact Jim McCaul or Jean Vertucci.
     
     
    (As published in the March 2018 edition of Maritime Reporter & Engineering News)
  • of 73 FPSO/FPU projects that have potential to move to the development stage through end-2021. They are all announced discoveries capable of moving to the EPC contracting stage over the next five years – i.e., a physical backlog of potential project starts. The projects are segmented into three time periods

  • Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main power. The Cat Offshore Power Generation Module is a turnkey EPC scope, scalable, single lift, modular power plant product that includes full integration into the FPSO or platform structural design.  The Cat power

  • . The number of ordered placed in 2014 for these type units was more than three times this average. Orders placed during the year are shown below.  The unit EPC contractor/lessor is in parentheses.     FPSOs (10) •    Kaombo CLM (Saipem) •    Kaombo GGC (Saipem) •    Deep Producer 1 (TH Heavy) •    Catcher

  • of various types will be required for the 233 projects we are tracking. Around 15% of the 233 visible planned projects are likely to advance to the EPC contracting stage within the next 18 months.   These projects typically have either entered the FEED phase, pre-qualification of floater contractors

  • of various types will be required for the 233 projects we are tracking. Around 15% of the 233 visible planned projects are likely to advance to the EPC contracting stage within the next 18 months.   These projects typically have either entered the FEED phase, pre-qualification of floater contractors

  • projects in Brazil and (less so) Africa will require multiple production units. Around 13% of the 226 visible planned projects are likely to advance to the EPC contracting stage within the next 12 to 18 months.   These near term projects typically have either entered the FEED phase, pre-qualification of floater

  • floater orders. Three production systems were ordered, all FPSOs.   Two are for use in Brazil, one for use in Indonesia.  The total value of the three EPC contracts is around $3 billion. •    Teekay/Odebrecht in early-August was the successful bidder to supply a midsize FPSO to Petrobras for use as an

  • contracts during 2015 will not dry up.   More than a dozen floating production projects in the advance planning stage have reasonable likelihood to move to EPC contracting for production facilities within this year.   These projects are likely to produce orders for 3 to 5 FPSOs in Brazil, 2 FPSOs in Africa

  • be accommodated. The cable-laying vessel forms part of the Van Oord strategy to offer a complete package for the construction of offshore wind farms as an EPC contractor.  The new cable layer is based on the Damen Offshore Carrier, a new multipurpose vessel design with a flush working deck, Heavy Lift or

  • 4 floating liquefaction plants and 10 regasification terminals. Current backlog includes an FPSO order placed in May.   TH Heavy Engineering received an EPCI contract + 7 year lease with 3 year option from JX Nippon to supply an FPSO for the Layang gas/condensate field offshore Sarawak.  The lease day rate

  • , BW Offshore’s chief technical officer, is a proponent of finding savings at the yard, presumably during the engineering procurement and construction, or EPC, stage of a contract. Like Wyllie, Kint agrees, there’s value to be had for clients in the familiar, especially for the international oil companies

  • MR Nov-19#60 , which are able  struction (EPC) contracts: the 120MW 
nents)
    November 2019 - Maritime Reporter and Engineering News page: 60

    and con- the jack-up in order to lift these compo- poses are very dif? cult investment deci- years ago, and Taillevent, which are able struction (EPC) contracts: the 120MW nents. So, it’s really not straightforward sion for WTIV operators. to install turbines up to 10MW, says the Formosa 1 wind

  • MT Oct-18#60  now  with Aker Solutions. The EPC O&M 
adheres to common)
    October 2018 - Marine Technology Reporter page: 60

    option for the main- formation Coordination Entities. Data tenance and modi? cations contract coming from all IOOS partners now with Aker Solutions. The EPC O&M adheres to common federal collection, contract was ? rst signed in June 2012, storage and management standards, covering the Jotun A, Jotun

  • MR Mar-18#51  or OwnNew/ Conv/ RedeployEPC ContractorOrder Date
Floating)
    March 2018 - Maritime Reporter and Engineering News page: 51

    of Recent Production Floater Orders 2017 through January 2018 (excludes FSRUs and FSOs) Unit Field LocationField OperatorLease or OwnNew/ Conv/ RedeployEPC ContractorOrder Date Floating Production Storage Of? oading Units Congo Perenco Lease Conv Keppel 2017 Jun Tempera FPSO Brazil Petrobras Lease Conv

  • MR Mar-18#50  storage) and  was awarded the EPC contract and lease  bbl)
    March 2018 - Maritime Reporter and Engineering News page: 50

    FPSO - SBM in June 2017 system offshore the UK. The 605,000 F an FLNG – and the number of deep VLCC-size (1.4 million bbls storage) and was awarded the EPC contract and lease bbl FPSO has production capability for water projects in the near-term planning have capability to produce 180,000 b/d oil, for

  • MT Mar-18#8  vehicles (AUV). 
EG&G to start EPC Labs, which he built into)
    March 2018 - Marine Technology Reporter page: 8

    rated Kongsberg HUGIN autono- that Ed and Wendy married and moved to a small house in Hamilton. Ed left mous underwater vehicles (AUV). EG&G to start EPC Labs, which he built into a successful international busi- The latest purchased HUGIN vehicle, ness, selling advanced sonar plotters. Ocean In? nity’s

  • MR Jan-18#36  complete we will proceed to the EPC contract  expected to employ)
    January 2018 - Maritime Reporter and Engineering News page: 36

    . 2018 will be spent on design and engineering and in the operational phase, when at full capacity, the unit is once that’s complete we will proceed to the EPC contract expected to employ approximately 1,500 workers, gener- and then the construction process,” said Saginaw. The ship ating more than 4,500 indirect

  • MR Sep-17#48  ?  rst FSRU barge under an EPC con-
tract and world’s)
    September 2017 - Maritime Reporter and Engineering News page: 48

    application, the FSRU can also be deployed offshore with a single point mooring system.” Wison is soon to deliver world’s ? rst FSRU barge under an EPC con- tract and world’s ? rst FLNG barge achieved ? nal delivery most recently. Wison 48 Maritime Reporter & Engineering News • SEPTEMBER 2017 MR

  • MR Jun-17#19  shipyards globally. the full EPC (Engineering, Procurement)
    June 2017 - Maritime Reporter and Engineering News page: 19

    ALMACO’s scope of work included shore – because one is booming and one work with them to lift the quality stan- cept into shipyards globally. the full EPC (Engineering, Procurement is not,” said Roberts. “We also are re- dard of accommodations on the Floatel Just last month, in a partnership with and

  • MR Apr-17#42   ies capable of moving to the EPC con- spreadsheets provide)
    April 2017 - Maritime Reporter and Engineering News page: 42

    discover- to be installed. Accompanying excel friendly administration is cutting envi- • More rapid expected increase in ies capable of moving to the EPC con- spreadsheets provide the report data in ronmental barriers, opening new areas cost of capital – US Fed targeting of tracting stage over the

  • MR Feb-17#50   shore & Marine, who provided EPC ser-
emission regulations)
    February 2017 - Maritime Reporter and Engineering News page: 50

    in Helsinki route exclusively, Megastar Nantong, China, announced Wison Off- will comply with the current and future shore & Marine, who provided EPC ser- emission regulations for the Emission vices for Exmar. Upon the undocking, Control Areas (ECA), including the topside installation has been

  • MR Apr-16#35  there will be  to produce EPC contracts over the next)
    April 2016 - Maritime Reporter and Engineering News page: 35

    , 11 oil/ tional players. the planning stage that have potential gas FPUs, 4 FLNGs and 21 FSRUs. We Further, we have assumed there will be to produce EPC contracts over the next also expect orders for around 25 FSOs. signi? cant (20 to 30%) cost reductions in 18 to 60 months -- are provided in the

  • MT Apr-16#51  recently trialed with a major EPC compa- more ef? cient use)
    April 2016 - Marine Technology Reporter page: 51

    actioned quickly Upgrades and Future Development • Revision of the screen layout – This revision will ensure The software was recently trialed with a major EPC compa- more ef? cient use of the screen to allow for maximum ny with the primary objective of gathering initial feedback to information to be displayed all

  • MT Apr-16#29  that have potential to produce EPC contracts over 
ing contracts)
    April 2016 - Marine Technology Reporter page: 29

    as well as details for 88 other projects in the plan- mid-term projects in the planning stage potentially generat- ning stage that have potential to produce EPC contracts over ing contracts for 82 production ? oaters between 2016/20. The the next 18 to 60 months -- are provided in the March 2016 forecast

  • MR Sep-15#37   VP and Executive Director for EPC  has in short order transformed)
    September 2015 - Maritime Reporter and Engineering News page: 37

    ,” company ? ed plant, with fewer vendors needed, LNG by building FLNG, which has half per annum (MMta) of LNG. The Gimi VP and Executive Director for EPC has in short order transformed an LNG the price tag of land-based LNG if still conversion is nearly half built, and the projects, Hoe Wai Cheong

  • MR Sep-15#36  sanctioned  and construction (EPC) bids together 
Shell’s)
    September 2015 - Maritime Reporter and Engineering News page: 36

    and engineering procurement lique? ed natural gas projects (FLNG) underway today, including to bottom. Few projects are sanctioned and construction (EPC) bids together Shell’s Prelude FLNG — Woodside’s choice, it seems, of a lique- — in Australia, Cameroon, Canada, In- to make sure they’re in on what

  • MR Aug-15#48   seems likely to grow even with EPC 
sion to go it alone with)
    August 2015 - Maritime Reporter and Engineering News page: 48

    that a marginal ? eld.” An oil company deci- ing, “That can swing (the market).” out that new-builds remove uncertainty seems likely to grow even with EPC sion to go it alone with a yard can cost in projects and can offer “a geographical contracts from FPSO contractors and $500 million, says Kint,

  • MR Aug-15#47  risers given  struction, or EPC, stage of a contract. 
a)
    August 2015 - Maritime Reporter and Engineering News page: 47

    BC-10 FPSO offshore Bra- the engineering procurement and con- Despite the risks of overdesign and of zil where standard steel risers given struction, or EPC, stage of a contract. a prolonged FEED, the “prescribed” or buoyancy suf? ced to cut weight and con- Like Wyllie, Kint agrees, there’s value operator-led

  • MR Jun-15#50  the  more often they work as EPC (engineer- isfy a wide)
    June 2015 - Maritime Reporter and Engineering News page: 50

    of a project. More and international dredging contractors sat- capacity. Cutter suction dredgers (CSD) tainer ships created the more often they work as EPC (engineer- isfy a wide range of market demands. and backhoes show the same growth T need for mega ports which ing, procurement, construction) contrac-

  • MR Feb-15#16  January  negotiating power in EPC contracts will 
But the)
    February 2015 - Maritime Reporter and Engineering News page: 16

    – and, as workload slows, the balance in dered annually. • K Godavari Regas Barge (Wison) took into account when in late January negotiating power in EPC contracts will But the ordering pace by type unit is • Exmar Regas Barge (Wison) it sanctioned start of the $6 billion proj- tilt in favor of ?

  • MT Jan-15#8  in our view   lihood to move to EPC contracting for production)
    January 2015 - Marine Technology Reporter page: 8

    supply chain, it is a short term event – a projects in the advance planning stage have reasonable like- bump in the road, in our view lihood to move to EPC contracting for production facilities The recent drop in oil prices clearly lowers near term cash within this year. These projects are likely to

  • MT Oct-14#22  participation from operators, EPC(I) contractors and suppliers)
    October 2014 - Marine Technology Reporter page: 22

    creating industry standards for subsea doc-umentation, an initiative that it says has been welcomed by the industry with wide participation from operators, EPC(I) contractors and suppliers representing all parts of the supply chain. The Joint Industry Practice (JIP) sets out to establish a DNV GL Recommended

  • MT Oct-14#21  are likely  to advance to the EPC contracting stage within)
    October 2014 - Marine Technology Reporter page: 21

    oaters of various types will be required for the 233 projects we are tracking.Around 15% of the 233 visible planned projects are likely to advance to the EPC contracting stage within the next 18 months. These projects typically have either entered the FEED phase, pre-qualiÞ cation of ß oater contractors

  • MR Sep-14#38 .  The total value of the three EPC 
contracts is around $3)
    September 2014 - Maritime Reporter and Engineering News page: 38

    oater orders. Three production systems were ordered, all FPSOs. Two are for use in Brazil, one for use in Indo- nesia. The total value of the three EPC contracts is around $3 billion. • Teekay/Odebrecht in early-August was the successful bidder to supply a midsize FPSO to Petrobras for use as

  • MR Aug-14#34  are likely to advance to the EPC contracting stage within)
    August 2014 - Maritime Reporter and Engineering News page: 34

    projects in Brazil and (less so) Africa will require multiple production units.Around 12% of the 231 visible planned projects are likely to advance to the EPC contracting stage within the next 12 to 18 months. These projects typically have either entered the FEED phase, pre-qualiÞ cation of ß oater con-