Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Razorbak who wrote (64911)	4/18/2000 10:05:00 PM
From: upanddown	Read Replies (1) of 95453

Razor JRM sure does appear to be in the sweet spot for deepwater production. I was thinking of TLP's and SPARS when I mentioned platforms. We really do need to discuss how the deepwater production infrastructure will be developed to try to ferret out the winners and losers. Maybe FPSO's are just a pipedream. Last I heard, the MMS is supposed to issue the EIS this fall. Probably followed by six months of public hearings and revisions. If they approve in spring 2001, maybe another six months of contract and financing negotiations. It could then take two years to build one of these enormous structures followed by rigorous trials before commissioning. I don't think deepwater is going to wait until 2004-5 for an FPSO. Maybe subsea production systems are an improvement over the FPSO concept. This from Europa... Europa clearly demonstrates the economic success of developing significant deepwater reserves with reliable subsea wells and facilities which leverage off the infrastructure of nearby producing hubs. In a subsea production system, the wells are located on the seafloor and are connected by pipelines to a host surface facility, where the oil and gas are processed and then transported, via pipeline, to onshore refining and processing facilities. More investment upfront but less operating cost. They are certainly more acceptable environmentally with no surface installation and no tankers chugging back and forth. John

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