Hard-to-reach oil fields in Brazil will
be conquered through the use of Floating Production Storage and Offloading
(FPSO), according to a new report by business intelligence company GlobalData.
The new report* found that initiatives by
oil and gas companies to develop and produce oil and gas from hard-to-reach
offshore hubs has catalysed the growth of the FPSO industry, which can offer
safe and economical production from a range of fossil fuel fields.
FPSOs provide ease of operations and
mobility in shallow, deep and ultra-deep waters. Adverse weather conditions
such as hurricanes and storms damage infrastructure at oil and gas fields, and
fixed platforms are severely affected as these cannot be moved and are
susceptible to extensive damage.
In contrast, disconnectable turret-buoy
mooring systems allow FPSOsto move locations to escape destructive weather
conditions, which enables oil and gas companies to avoid monetary losses.
FPSOs can be conveniently and
economically utilized to produce both in deepwater fields and areas with relatively
low reserves. Once production from a well is depleted, the FPSO can be moved to
a different location, saving on set-up time and cost as compared to the
installation of a fixed platform. Production using FPSOs is therefore a more
economical alternative to production through fixed offshore infrastructure.
At the end of 2011, there were 139 active
FPSOs across the globe in 26 countries for offshore production, with Brazil,
Angola and Nigeria as the three largest aggregaters of FPSO-based crude oil and
natural gas production capacity worldwide, collectively contributing around 50%
of the total global amount.
Brazil currently has the largest
FPSO-based crude oil and natural gas production capacity, with huge offshore
reserves and pre-salt discoveries that have provided a major boost to the FPSO
industry.
Brazilian national oil company Petroleo Brasileiro
S.A. is benefiting from the move to offshore, accounting for about 13.5% of the
total production capacity of FPSOs globally. Currently, Petroleo Brasileiro
S.A. has 12 active FPSOs, all of which are located on its home turf.
The company plans to add another 12 FPSOs
by 2015, leading Brazil to boast the highest planned production capacity
expansion of any country in the world. By 2014, Petroleo Brasileiro S.A.’s
FPSO-based production capacity is expected to increase by 495.61 million
barrels of oil equivalent (MMboe) of fossil fuels to reach a capacity of
1,635.14 MMbbl of crude oil and 1,231.35 billion cubic feet (bcf) of natural
gas.
*Floating Production Storage and Offloading (FPSO)
Industry - Global Market Analysis, Competitive Landscape and Planned Projects
to 2015
This
report provides an in-depth analysis of the global FPSO
industry to 2015, detailing all the major countries, major companies and FPSOs
in the various regions of the world. The report also provides key trends and
challenges in the global FPSO market and plans for FPSO deployments in
different countries globally. It also details the competitive landscape
globally, and details the operations of the major FPSO companies.
For more information, please visit:
Or email us at press@aarkstore.com
or call +919272852585
Aarkstore Enterprise
Tel : +912227453309
Mobile No: +919272852585
Email : contact@aarkstore.com
Website : http://www.aarkstore.com
Follow us on twitter: http://twitter.com/aarkstoredotcom
No comments:
Post a Comment