SBM updates work on Brazil, Angola floaters

SBM Offshore has provided a progress report on its newest FPSO projects.

Feb 6th, 2014

Offshore staff

MONACO--SBM Offshore has provided a progress report on its newest FPSO projects.

The leased vesselsCidade de MaricáandCidade de Saquarema underwent refurbishment and conversion work last year at a yard in China, and construction continues. Both have been chartered for 20 years with options for extensions.

The double-hulled vessels, each with a storage capacity of 1.6 MMbbl, will be moored in around 2,300 m (7,546 ft) of water. Their 22,000-ton topsides will be able to produce 150,000 b/d of well fluids with associated gas treatment capacity of 6 MMcm/d (212 MMcf/d).

Water injection capacity on both vessels will be 200,000 b/d.

Following refurbishment and conversion ofFPSOCidade de Ilhabela,also in China, the vessel arrived at year-endin Brazil and will undergo installation of the process modules at the Brasa yard.

Topside facilities have been designed to process 150,000 b/d of production fluids, with much of the associated gas from the presalt field to be produced for export. SBM expects start-up of the vessel during 2Q 2014.

Construction, refurbishment and module work forFPSON'Goma is nearing completionat Keppel shipyard in Singapore. The 100,000 b/d FPSO will then sail to the Paenal yard in Angola for lifting of the remaining modules and completion work, ahead of a production start during 2Q 2014 for operator ENI.

SBM adds that the three large turrets for thePrelude FLNG, Quad 204 and Ichthys floaters, which will serve offshore northwest Australia and west of Shetland, are progressing on schedule. The Ichthys superstructure will be the last to be completed later this year.

All the turrets are designed to withstand high mooring loads. The Quad 204 turret for BP’s Schiehallion redevelopment must handle fluid throughput of 320,000 b/d in the swivel stack, while the turret for Ichthys is designed for 40 years of continuous operation in a harsh environment.

2/6/14

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