What’s the latest on our local FPSO scene? Petronas outlook states up to 2 FPSO over the next 3 years, which are they referring to? Limbayong, Kelidang, Salam-Patawali? Anything else in the works?

Also, how about our FPSO operators. Any new potential wins for Yinson and Bumi Armada? Last I know is they’re both hot in Angola but so far no confirmed secured win.

I have heard they’re looking at Floating CCS…how developed and sound is such a solution?

This post has been edited by contestchris: Jan 13 2023, 12:41 PM

Any idea if Bumi has hired the personnel/expertise for execution?

Also, did anyone know about Claire? Was it sold or redeployed?

Petronas is preparing to launch another attempt to secure a sizeable floating production, storage and offloading vessel required for its Limbayong deep-water oilfield development offshore Sabah, East Malaysia.

The state giant recently floated market enquiries for the FPSO, kicking off its fourth effort to secure the vessel for the deep-water development project, at least two people familiar with the process told Upstream.

“Market enquiries have been issued ahead of launching a firm tender process later this year,” one person noted. A second confirmed the latest step and said that responses to fresh enquiries are due within days.

In August, the Malaysian national energy company confirmed it had aborted its third attempt at securing a leased FPSO vessel for the Limbayong development.

Industry sources said that despite having carried out three previous tenders for Limbayong, Petronas is keen to develop the offshore asset through project optimisation and by including new fields like the Bestari satellite discovery.

“We believe Bestari will be tapped along with [Limbayong], which could turn the project commercially viable this time around,” the person noted.

Other producing fields in the deep-water Sabah play could also potentially become an alternative host facility for Limbayong via subsea tie-backs, according to informed sources, Upstream previously reported.

These fields might include Shell’s Gumusut-Kakap, which is a mere 20 kilometres from Limbayong, and the Kikeh field operated by Thailand’s PTTEP, which lies within 25 kilometres.

https://www.upstreamonline.com/exclusive/ba...pso/2-1-1407108

https://www.upstreamonline.com/field-develo...ent/2-1-1408642

India’s state-controlled Oil & Natural Gas Corporation (ONGC) is aiming to begin oil production in May from its flagship KG-DWN-98/2 development in the Krishna Godavari basin, off the country’s eastern coast.

ONGC is spending more than $5 billion on developing KG-DWN-98/2’s Cluster-2 region and is “now almost ready to start oil production from May”, ONGC’s offshore director Pankaj Kumar recently said during a television interview in India.

The Cluster-2 development has been hit by multiple delays in the past two years, but Kumar noted that ONGC “continued progress on the deep-water development throughout the Covid lockdown”, which has led to a positive outcome.

Cluster-2’s floating production, storage and offloading vessel contractor, Shapoorji Pallonji Energy (SP Energy), has already confirmed that it “has achieved a significant milestone of hook-up” for the Armada Sterling V FPSO offshore Kakinada.

The floater is owned jointly, with SP Energy holding a 70% stake and Malaysia’s Bumi Armada the remaining 30%.

Guys, I have a question that perhaps members here can help answer.

We've been hearing from all over the world that the FPSO market is very tight, and that at the moment all the major players have a lot of backlog. I read SBM have 6 project backlog for FPSO. Yinson meanwhile have got 4 (just awarded another in Angola today) with another exclusive discussion, so total 5 potentially.

Where is Bumi Armada in all this? In 2015 they were working on 4 projects simultaneously, since then they only won 1 new project as a minority partner with Shapoorji.

If you see the financials, they have recovered. Is there something wrong with their management, or capability of their workforce?

Is Cameia for real though?

Looks like still far from a done deal

https://www.upstreamonline.com/exclusive/ma...pso/2-1-1407761

Guys any idea if Kelidang fpso is a real thing?

I saw a report saying Salam Patawali FID in 2023, not sure can be trusted or not.

At the same time, for local player Bumi Armada, looking at the list of projects to be FID in 2023, their only prospect seeme to be Cameia, but apparently even that is not a done deal.

Projected FPSO/FLNG awards in 2023:

Agogo - Angola - Azule - Contracted
Cameia - Angola - TotalEnergies - Probable
Dorado - Australia - Santos - Probable
SEAP1 - Brazil - Petrobras - Probable
Pao de Acucar - Brazil - Equinor - Probable
Albacora - Brazil - Petrobras - Probable
Atapu-2 - Brazil - Petrobras - Probable
Sepia-2 - Brazil - Petrobras - Probable
Cedar FLNG - Canada - Cedar LNG - Probable
Cap Lopez FLNG - Gabon - Perenco - Contracted
Uaru - Guyana - ExxonMobil - Probable
Liza-7 - Guyana - ExxonMobil - Probable
Salam/Patawali - Malaysia - ConocoPhillips - Probable
Yakaar-Teranga - Senegal - BP - Probable
Port Delfin FLNG1 - USA - Delfin LNG - Probable

Source: CLARKSONS RESEARCH SERVICES

This post has been edited by contestchris: Mar 21 2023, 03:04 PM

Anyone knows who the buyer of Armada Claire FPSO is? Reportedly agreement has been reached.

Not June? 1.5 months

A lot of hiring to come, they're focusing on international bids now

This post has been edited by contestchris: Apr 12 2023, 12:24 AM

Bumi Armada hiring but they're stripping the company off. Sold off Armada Claire. Disposed all but one OSV. The Mumbai FSRU has been scrapped. Still no new FPSO contract since many years, plus the latest new per UpstreamOnline is that Total is considering other options for Cameia FPSO in Angola.

Looks like financially they okay now, but what's their core business going forward? Pivot to green energy? Still nothing to show for though.

This post has been edited by contestchris: May 4 2023, 12:02 PM

Guys, what’s going on at Petronas? They scrapped Limbayong FPSO 3 times but now hitting the market with Bestari tender for a far smaller FPSO (15k bopd).

Anyone know any further information on it.

It seems like the project execution team is ready at Bumi Armada side. What's the hold up for Cameia now? Should've been sanctioned by now, no? Possibility for TotalEnergies to change their mind (despite the Conditional LOA)?

Any information on the floaters side? Bumi, Yinson, Misc, Shapoorji

I know Shapoorji was hiring for quite a number of roles for their new FPSO project in KL and Singapore a couple months back. Not sure what project though, as the Sterling V is nearly gonna hit first oil.

Anyone have more information on their project?

TotalEnergies starts fresh talks with FPSO players on delayed $6 billion Africa project

The French supermajor in 2021 launched a preliminary front end engineering and design (pre-FEED) competition for a 100,000 barrels per day FPSO, then aiming to take the final investment decision the following year.

However, a number of factors including the Covid pandemic, supply chain costs, contractor financing constraints and production sharing contract negotiations with Luanda conspired to delay the project.

The offshore development is now expected to be sanctioned this year and is scheduled to come on stream in 2026.

Participants in the original paid pre-FEED contest were Technip Energies of France working with Malaysia’s Yinson; Italy's Saipem working with MISC of Malaysia; and Kuala Lumpur-based Bumi Armada.

At the end of that design contest, Bumi Armada emerged as the preferred FPSO supplier, well-placed sources said, and subsequently the Malaysian player worked on the project's FEED phase, which would have evolved into a turnkey contract.

However, multiple sources have told Upstream in recent months that Bumi Armada has pulled out of further contract talks for reasons that are unclear.

TotalEnergies is now sourcing a replacement supplier for what is said to be a 70,000-bpd FPSO, with the name of Saipem — which participated in the original design contest — cropping up a lot on the market grapevine, alongside some Asian names; while Modec and BW Offshore might also consider throwing their hat into the ring, Upstream understands.

According to sources close to the project, the floater will not be chartered, but will instead be provided on an engineering procurement, construction and installation basis, with TotalEnergies set to own the vessel outright.

https://www.upstreamonline.com/exclusive/to...ect/2-1-1495756

How come? I thought someone replied about this that the project team was already in place in Bumi Armada.

This post has been edited by contestchris: Aug 5 2023, 01:18 AM

As I can tell, no main project. FSRU in Mumbai (JV with Shapoorji) is the closest, official award still at least 6 months away. There is development of Floating Carbon Injection vessel, conceptual stage. Official award if any still a year away.

I do wonder what the reason for the pull out is, since from what I know, considerable resources had been allocated to the Cameia project.

Any idea which FPSO Bumi team working on? I see they have quite a sizeable engineering team but not any known project at the moment (since it was confirmed they are no longer bidding for Cameia FPSO).

Anybody know about the Pertamina-Bumi Armada FLNG project in Indonesia?