Shell and SBM Offshore Win OTC Distinguished Achievement Award for Stones Field
Shell and SBM Offshore will be presented the OTC Distinguished Achievement Award in recognition of the successful development of the world’s deepest oil and gas project, the Gulf of Mexico Stones field, using the Turritella FPSO, an industry-first pairing of a steel lazy wave riser system with the largest disconnectable buoy turret mooring system, and an artificial lift system designed for 15,000 psi.
Shell E and P Offshore Services BV signaled its intent to exercise a contractual right to purchase the FPSO from SBM Offshore in July 2017. In January, the deal was closed for $1 billion and Shell took over full operatorship of Turritella.
Shell’s Stones is about 200 miles off Louisiana in the Walker Ridge area at 9,500 ft water depth. Turritella is the deepest FPSO development in the world and has a turret with a disconnectable buoy carrying mooring lines and risers from the well system, which allows the vessel to weathervane in normal conditions and disconnects from the FPSO when needed, as when a hurricane is approaching. The FPSO connects to subsea infrastructure which produces oil and gas from reservoirs around 26,500 ft below sea level, and 17,000 ft below the mud line.
The Turritella has a daily production capacity of approximately 60,000 bbl of oil and 15 MMcf of natural gas. Shell identifies deepwater resources as a growth priority with global production expected to reach more than 900,000 BOE/D by the early 2020s.
Together, Shell and SBM also completed a successful safety milestone when the Stones FPSO project logged more than 18 million work hours in the construction phase with only one lost-time incident.
RDS and Kavin Engineering Form Alliance To Design and Engineer Upstream and Midstream Projects
RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.
New Regulations To Fast-Track Brazil FPSO Deployment, Boost Presalt Oil Production
New local content regulations could speed up the pace of presalt oil production by more than 21 billion bbl by the mid-2020s. Karoon and Parnaíba Gás Natural are the first companies to apply to change their contract terms. Petrobras, Shell, BP, ExxonMobil, Petrogal, and Anadarko are also interested.
Moving Away From Our “Eiffel Tower” Approach to Offshore Processing Equipment
We don’t include a structure like the Eiffel Tower with separators, pumps, and compressors on the top observation platform in an onshore development plan. And yet, how many jacket platforms are there around the world?
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