More FPSO conversions in the pipeline?

Jan 15 2016


Premier Oil has awarded SBM Offshore the front-end engineering and design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.

The 18-month contract will cover the FEED elements of a proposed FPSO conversion project with a throughput capacity of about 85,000 barrels per day, operating in 450 m of water.

This first phase is subject to final investment decision due at the end of the FEED in the second half of 2017. 

Subsequent phases to develop Sea Lion and the wider North Falkland Basin reserves using FPSOs, are also at the planning stage.  



Previous: Ardmore refinances- benefits from bull run

Next: Markets---VLCC rates halve


Jun-Jul 2024

Tanker Operator Athens report: managing crewing, training challenges, views on SIRE 2.0