[US GOM] FPSO BW Pioneer

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escveritas
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[US GOM] FPSO BW Pioneer

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18.03.2020
BW OFFSHORE: SIGNED FIVE-YEAR CONTRACT FOR BW PIONEER WITH FIVE-YEAR OPTION

BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer on the Cascade and Chinook fields on behalf of MP Gulf of Mexico, LLC (MP GOM) with a five-year option to extend. The firm period commences in direct continuation of the current contract and lasts until March 2025.

“We are very pleased to have reached a long-term agreement with MP GOM for the BW Pioneer, confirming our strong relationship with MP GOM on the Cascade and Chinook fields”, said Marco Beenen, the CEO of BW Offshore.

MP GOM is a partnership between Murphy Exploration & Production Company – USA (Murphy EXPRO) and Petrobras America Inc. With 80% ownership in MP GOM, Murphy EXPRO is the designated operator of the assets, which include the Cascade and Chinook fields.
escveritas
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BW Pioneer

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BW Pioneer

First FPSO in the US Gulf of Mexico

BW Pioneer Ltd, an affiliate of BW Offshore, has awarded Keppel Shipyard a contract to convert the first FPSO for the Cascade and Chinook fields in the US Gulf of Mexico (GoM).

When completed in the third quarter of 2009, the FPSO will be turret moored at a water depth of around 2600 metres – the deepest waters ever for an FPSO. It is designed to disconnect and move by its own propulsion to safe waters from an approaching storm.

Mr Svein Moxnes Harfjeld, CEO of BW Offshore commented: “We have great confidence in Keppel Shipyard and in their abilities and experience, based on our former collaboration. Being the first FPSO for the US GoM waters, the Cascade and Chinook project represents a great challenge in many ways. Keppel Shipyard’s solid competence is therefore of strong value”.

Executive Director of Keppel Shipyard, Mr Nelson Yeo said, “This is the second FPSO conversion awarded to Keppel Shipyard by BW Offshore since the conversion of FPSO Berge Helene in 2005. We thank BW Offshore for this trust and are delighted to carry out work on the first FPSO to be deployedin the US GoM.“

To be named BW Pioneer, the FPSO will have a storage capacity of about 600,000 barrels of oil, a process capacity of 80,000 bopd and gas export facilities of 16 mmscfd. This FPSO unit will be leased by Petrobras America Inc., and production on the Cascade and Chinook fields is expected in the first quarter of 2010.

Listed on the Oslo Stock Exchange, BW Offshore is one of the world’s leading FPSO contractors and a market leader in advanced offshore loading and production systems in the oil and gas industry with 25 years’ experience and a solid track record.
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Re: BW Pioneer

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Keppel Shipyard on track to complete first FPSO for US Gulf of Mexico

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Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named today at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a water depth of about 2,600 metres – by far the deepest for an FPSO.

The FPSO, which is nearing completion, has achieved an impressive safety record of more than 4 million incident-free man-hours to-date. BW Pioneer has been leased by Petrobras America Inc. to operate in the Cascade and Chinook fields of the US GoM, with production scheduled for the first quarter of 2010.

Mr. Carl Arnet, Chief Executive Officer of BW Offshore said, “The successful conversion of BW Pioneer is an important milestone for us. Being the first contractor to place an FPSO in the weather-exposed US Gulf of Mexico gives BW Offshore a seal of quality and strengthens our position and track record as a leader in the region.

“The high level of quality and safety achieved on this pioneering project are the result of our strong partnership with Keppel Shipyard. I am confident that BW Pioneer will set the standard for FPSOs operating in the US Gulf of Mexico.”

Designed to handle the harsh operating conditions in GoM, BW Pioneer is equipped with an internal disconnectable Submerged Turret Production (STP) mooring system and outfitted with advanced safety features to withstand environmental loads from currents, waves and wind. In the event of an approaching hurricane, this highly advanced safety feature will allow the FPSO to disengage from site and move on her own propulsion to seek sheltered waters.

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, said, “Working with trend-setting customers over the years, Keppel Shipyard has achieved many ‘firsts’ in the industry for complex vessel conversions. BW Pioneer is yet another groundbreaking vessel, which we are proud to add to our track record.

“We would like to thank BW Offshore for entrusting Keppel Shipyard with this significant project. Together with our valued customer, we have overcome the challenges of completing a unique FPSO for the US Gulf of Mexico. We look forward to further our relationship with BW Offshore and support them in developing their premium fleet.”

BW Pioneer has a storage capacity of about 600,000 barrels of oil, a process capacity of 80,000 bopd and gas export facilities of 16 mmscfd.
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