MAKATI CITY, Philippines – Galoc Production Co. has approved an upgrade to the mooring and risers at the Rubicon Intrepid FPSO. Vessel owner Rubicon Offshore International will retrofit an external, non-disconnectable, turret mooring system in 4Q 2011.
While the vessel is in Singapore for retrofit, seabed anchor and riser modifications will be undertaken at the mooring location.
GPC, as Operator, has commenced preplanning activities for the further development of the Galoc Field. It is anticipated that the Joint Venture will target final investment approval of Phase II early in 2012 subject to satisfactory results from the current development planning and analysis. This could involve from one to three fields.