Page 8 - Floating Production News Today : Breaking News, Live Updates & Top Stories | Vimarsana

October 13, 2023 SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana. Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, to release the second phase of work, SBM Offs

The FPSO will be designed to produce 250,000 boed, will have associated gas treatment capacity of 540 MMcfd and water injection capacity of 300,000 bpd. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store around 2 MMbbl of crude oil.

Petrobras (PBR) is actively engaging with Chinese banks to fuel its deepwater oil expansion goal in Brazil's South Atlantic, leveraging its rapidly expanding FPSO fleet.

Petrobras (PBR) is actively engaging with Chinese banks to fuel its deepwater oil expansion goal in Brazil's South Atlantic, leveraging its rapidly expanding FPSO fleet.

The project will include the best available technologies to minimize greenhouse gas emissions, and the facilities will be designed for zero flaring, with the associated gas entirely reinjected into the reservoirs.