I’ve been reading a bit about FPSO (due to Limbayong excitement). Feels proud that we have three major global specialised FPSO players here at home, two of which (MISC and Yinson) have won contracts for 200k bopd projects from Petrobras offshore Brazil.

For the sifus here, any idea how come we have such FPSO companies locally? Is this due to some governmental support, or just happened to be like that? I take it FPSOs are technically challenging and not all that easy to execute either.

On a separate note, I read that other than Limbayong, there is Patawali (ConocoPhillips) offshore Sarawak and Kelidang (Petronas) offshore Brunei also on the scope for some local floating systems. Anyone heard anything about these?

This post has been edited by contestchris: Aug 19 2021, 05:02 PM

Made to understand that the bid validity for Limbayong FPSO has been extended further till the end of October 2021. At this point, not sure if it will happen or not lah. Delay, delay, delay

Two FPSO news

https://www.upstreamonline.com/field-develo...ize/2-1-1056398

https://www.upstreamonline.com/field-develo...ter/2-1-1058333

How come SIP ahead of the other 3, which can be considered global renowned players?

Looks like we might have another fpso coming up at Sepat field. Last time Bumi Armada was involved in the FSO for Sepat (10 years back).

https://www.upstreamonline.com/exclusive/pe...eld/2-1-1059960

How would the HIGHER price of crude oil be the reason?

Shouldn't this actually be all the more reason a project should be fast tracked?

I've not heard of a project not going ahead because of price of crude oil (which lets be honest, can be up and down as it pleases).

I'm sorry, I meant not heard of a project NOT going ahead when the price of crude oil is high.

Obviously if the price of crude oil crashes, then the project becomes non-viable, in which case the project will be either scrapped or postponed.

https://www.upstreamonline.com/exclusive/pe...est/2-1-1084038

Petronas retenders Limbayong FPSO prize after abrupt cancellation of first contest

New prequalification comes less than a fortnight after prior bid exercise was scrapped

Uncertainty prevails as few FPSO players size up Limbayong

https://www.upstreamonline.com/exclusive/un...ong/2-1-1133667

Any update on this?

Sapura causing issues for ONGC's big development in supplying the platform with Afcons.

Also Bumi Armada's FPSO delayed for same project.

https://www.upstreamonline.com/exclusive/de...ent/2-1-1134271

Scary. Might be due to poor upkeep as the owner is said to be in receivership.

There's a video here as well:

https://www.upstreamonline.com/safety/fears...ion/2-1-1162716

Why speak in codeowords yea?

Since MMHE already has Kasawari Phase 1, would that mean they have a built-in advantage for Phase 2?

Also, how's R-M coming along? Is MMHE in the pole position there too?

Is Sapura as we know it well and truly dead?

Indian-Malaysian venture submit sole bid for Limbayong floater

Malaysian national oil company Petronas has received only one bid in its latest attempt to procure a floating production, storage and offloading vessel for the Limbayong project offshore Sabah, East Malaysia.

The bid for the FPSO contract was submitted by a consortium comprising Malaysia’s MTC and India’s Shapoorji Pallonji Oil & Gas (SP Oil & Gas).

The offer is being evaluated by Petronas, but multiple market sources expressed doubt whether MTC and Shapoorji would be awarded the contract given political complexities and question marks about the economics of the FPSO.

Limbayong is a prestigious project as it is Petronas’ first deep-water oilfield development in Malaysian waters.

However, the effort to secure the leased FPSO has been a stop-and-start affair for several years, with at least two previous bidding exercises.

This has taken a toll on FPSO contractors which have chosen to focus on other business opportunities and, hence, resulted in the current sole bid.

FPSO market sources were very surprised that Sabah International Petroleum (SIP), owned by the Sabah state government, did not submit an offer, although there were some suggestions in the market that a counter-offer could materialise featuring the brand new Sabah state company SMJ Petroleum.

Market sources were unanimous that the bidding exercise is heavily imbued with politics given the field is located in Sabah waters and recent agreements between Petronas and the Sabah state government ostensibly geared toward satisfying the state’s desire for a larger slice of its oil and gas pie.

MTC with Shapoorji and SIP were among the bidders in last year’s aborted FPSO tender process. Others contractors then interested included Bumi Armada, MISC and Yinson Holdings.

FPSO specs
It is understood the FPSO requirement is for a vessel capable of producing 60,000 barrels per day of liquids, including 40,000 bpd of oil, plus about 180 million cubic feet per day of gas.

Water injection facilities for up to 75,000 bpd would also be included. The FPSO is expected to have a nameplate storage capacity of 600,000 barrels of oil.

On offer previously was a firm 12-year lease period, and the contract carried two three-year options and another for a further two years.


One industry source said that TechnipFMC is pressing ahead with the subsea works on the deep-water project.

The London-headquartered subsea giant was tasked with the design, manufacture, delivery and installation of subsea trees, manifolds, umbilicals, flexible risers, flowlines, jumpers and other associated subsea hardware for the project.

At a ceremony to celebrate TechnipFMC’s contract, Petronas chief executive of upstream, Adif Zulkifli, said: “We hope the project… will give confidence and invite potential investors to collaborate further in maturing the country’s deep-water resources.

"Apart from monetisation, Limbayong will be a platform to enhance our internal capabilities in preparing for the next deep-water projects not only in Sabah but also in other regions.”


Companies such as Bluewater, Sofec, National Oilwell Varco’s APL division, and London Marine Consultants had been suggested as potential providers, and market sources confirmed that Bluewater, APL and London Marine are competing.

The Limbayong field contains an estimated proven and probable reserve of 139 million barrels of oil and 784 billion cubic feet of non-associated gas.

Water depths at Limbayong, which straddles blocks G, J and R offshore the state of Sabah, range to in excess of 1200 metres.

Petronas is understood to have a 90% interest with E&P Malaysian Ventures on 10%.

Petronas had not responded to a request for comment on the status of the Limbayong project and related FPSO tender at the time of publication.

https://www.upstreamonline.com/exclusive/in...ter/2-1-1168491

------------------

What happened to Bumi Armada? No longer part of the consortium? Also, is the project no longer viable? Only one bid, is it worrying?

Any idea what Bumi is up to these days? They seem to have completely shut down OSV. My uncle worked in their OSV for many years and it was their bread and butter. Now says former SBM guys are in senior positions so the focus is completely on FPSO, but they don't have any recent awards. In fact, in the last 7 years (since 2015), they only have a single award, a minority stake in the upcoming ONGC FPSO with Shapoorji.

So I don't quite understand, they sell off OSV but it's not like they're swimming in FPSO jobs, especially since it's been a hot FPSO market recently.

This post has been edited by contestchris: Feb 18 2022, 10:23 AM

Bumi Armada is due an award for FSRU in Mumbai port, JV with Shapoorji.

Not sure if the jobs are for that, or for a larger upcoming FPSO project. Last I know, they're in the running for a couple of FPSO projects in West Africa, especially Angola (one with Eni, one with Total Energies).

On a separate note, anyone heard about the sale of Armada Claire? Recall Bumi Armada was looking for a buyer, did they find it? Would anyone even want to buy the vessel?

For FSRU, it's pretty much a done deal. Are those positions for FSRU or something else?

As for Claire, is the vessel capable of going to other fields? Or very fixed for the Balnaves?

Any market for Claire though? Saw that it is official, Bumi Armada is seeking a buyer to monetise the asset.

Consortium in frame for key Indonesian FPSO project

Indonesian operator Medco Energi is in negotiations with a contracting group to finalise an arrangement for a leased floating production, storage and offloading vessel for the Forel offshore project in Natuna Sea Block B, Indonesia.

Several market sources said a consortium of contractors, which includes Indonesia’s Hanochem Tiaka Samudra, Malaysia’s MTC Engineering and Indonesia's Cakra Bahana, is in negotiations with Medco about a potential final contract for the provision of an FPSO.

Sources said the proposal by the favoured consortium is to deploy an existing available FPSO which is moored in Indonesia.

Medco is offering a multi-year charter, and had encouraged contractors during the tendering process to be mindful of offering competitive charter rates, Jakarta-based sources said.

The favoured consortium was among a number of competitors for the Forel FPSO contract.

Some other key players in the picture included Buana Lintas Lautan, Sillo Maritime, Radiant Utama Interinsco, Cakra Manunggal Semesta, Armada Bumi Pratiwi Lines, Pertamina International Shipping and Tuff Offshore Engineering, most of which combined in several bidding consortia.

This is Medco’s second attempt at securing an FPSO contractor after a previous attempt received a lukewarm response from floater suppliers.

Upstream requested a comment from Medco on the status of the Forel FPSO negotiations, but it was unable to comment.

The potential FPSO contractors Hanochem and MTC were also contacted; Hanochem did not respond, while MTC was unable to comment.

Medco has previously indicated it hopes the floater can be delivered within 18 months of the contract being awarded, and for the FPSO to have an Indonesian flag.

The development concept for Forel and the Bronang satellite field covers the leased FPSO but also includes two wellhead platforms, a 17-kilometre subsea pipeline between the two platforms, a subsea connection to the FPSO, and a separate flowline via a pipeline end manifold to the Belanak oil and gas field, also in Block B.

In late 2021, Indonesian contractor Meindo Elang Indah was leading the competition for the engineering, procurement, construction and installation of the two wellhead platforms and subsea pipeline.

In addition to Forel and Bronang, the operator is developing the Belida and Hiu satellite discoveries in Block B.

Execution of the Hiu and Belida extension projects is well under way, with contractor Timas Suplindo selected for a significant part of the workscope

Medco said in its nine month 2021 results last December that first gas from the Hiu field is expected in its second quarter of 2022; first gas from the Belida extension in its fourth quarter of 2022; and first oil from Forel and first gas from Bronang in its fourth quarter of 2023.

In the nine-month 2021 period ending 30 September 2021, the multi-field Block B complex produced 18,300 barrels of oil equivalent per day.

Block B consists of 11 offshore platforms, four producing subsea fields and a large FPSO on the Belanak field.

Medco has a 40% operated interest in Block B and is partnered by two Indonesian companies holding 60%.

Medco’s chief executive Roberto Lorato in December said: “Commodity prices remain volatile, but still at a comfortable level, and domestic gas demand continues to recover after Covid-induced economic lockdowns.

“The proposed acquisition of ConocoPhillips’ Indonesian assets will strengthen Medco Energi’s position in Southeast Asia, provide synergies with our Sumatra operations and further support our climate change strategy,” Lorato added.

This post has been edited by contestchris: Mar 7 2022, 04:22 PM

1) MTC once again in the thick of the action, after submitting sole bid for Limbayong FPSO.

2) "Sources said the proposal by the favoured consortium is to deploy an existing available FPSO which is moored in Indonesia". Is this in reference to Claire? Will Claire be able to be deployed here? Any other potential FPSO's cold/warm stacked in Indonesia presently?

This post has been edited by contestchris: Mar 7 2022, 04:22 PM

Anyone have any info on the Cameia-Golfinho project by TotalEnergies in Anglo? Last I know, 3 Malaysia FPSO contractors submitted FEED - Yinson, Bumi Armada and MISC. Any update on this?