FSO Pargo

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escveritas
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FSO Pargo

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FSO CONVERSION PROJECT LAUNCHED AT DRYDOCKS WORLD
October 05, 2021

First steel has been cut as part of the latest ship repair and conversion project at Drydocks World.

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Drydocks World Dubai, part of DP World, has begun work converting an Aframax tanker capable of storing 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO).

The extensive modification and life extension work will include the provision of a new hull coating, designed to make the FSO’s performance reliable for uninterrupted service for next 20 years for offshore operation. Other work includes fabrication and installation of an external turret for weather waning, helideck fabrication and integration, metering skid, modification to cargo system, Installation of Hose Reel & Crane.

COO of Drydocks World, Neil Millar commented: “Today is an important milestone for Drydocks World as we begin work on a ten-month project for our customer, Dixstone, contractor of Oil Company Perenco Petroleo e Gas do Brasil. With our extensive industry knowledge, world class facilities and talented team of engineering experts Drydocks World is a trusted partner to the shipping and offshore oil & gas industry, delivering projects safely, on time and to the highest standards.”

Drydocks World has recently launched a digital transformation project to deliver operational efficiencies and improved customer services. CEO of Drydocks World, Capt Rado Antolovic PhD said: “Our people will be better equipped to do their jobs by working with real-time data, integrative platforms and improved knowledge-sharing that will enable them to focus on the areas of their expertise.”

Dixstone commented: ”After several months of engineering, and procurement works for DIXSTONE team, it is a great achievement to see today the first steel cut in Drydocks World Dubai as part of FSO PARGO conversion project. Together with Dubai Drydocks World we are now entering several months of intense and challenging construction activities, and we are focusing on safety and quality of works.“
escveritas
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Re: FSO Pargo

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Installation of external turret on to the converted oil tanker for future FSO Pargo
escveritas
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Re: FSO Pargo

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Perenco Brazil’s FSO ‘sets sail” to Pargo Cluster offshore Brazil

18 Jan 2023



(World Oil) — Perenco Brazil announced that the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, left Dubai and is on its way to the Pargo Cluster in the Campos Basin offshore Brazil. Once moored on location, the FSO will be central to the extension of Perenco Brazil’s offshore performance.

“FSO Pargo”, a double-hull vessel built in 2004 that has a 750,000 bbls storage capacity, is expected to be on location in March, moored in April and operational in August 2023, following final licensing approval.

The FSO conversion work began in September 2021 at DryDocks World, Dubai, to extend its service life by 20 years, adapting the vessel to the Brazilian standards and including modifications, such as the installation of an external turret mooring system, a helideck, a metering skid, an extra crane, a new offloading system and export line.

Commenting on today’s announcement Yves Postec, General Manager, Perenco Brazil, said, “We are pleased to confirm the sail away of the FSO, which is a key part of Perenco Brazil’s $400 million Pargo Development Plan. Perenco´s deep technical expertise in the successful operation of mature fields has been clearly evident in the Pargo Cluster, where we have now completed three years of safe operations.”

Pargo Cluster Development Plan

Daily production from the Pargo Concession, which comprises the Pargo, Carapeba and Vermelho fields is now approximately 12,000 bopd, an increase of almost 300% from the 2,800 bpd when Perenco Brazil took over the Pargo Cluster in October 2019.

Since that time, Perenco Brazil has focused on resuming operations, redeveloping the cluster and continuing to deliver multiple important investment projects as part of the Pargo Cluster Development Plan.

These include an ambitious work plan for 2023:
  • installation in January of two new pipelines from the Carapeba and Vermelho fields to the Pargo units
  • intensive well works with up to three simultaneous workover units in operation
  • the upgrade of the Pargo water treatment system
  • resuming operation of the Vermelho 1 and 2 platforms
  • reservoir assessments for potential new plays.
Combined, these projects will contribute to the company's continuing organic growth in Brazil and will enable the next production milestone of 15,000 bpd by the end of 2023.

Perenco Brazil holds a 100% stake in the Pargo Concession. The Pargo Development Plan was formally approved by the Brazilian authorities in early 2021, along with extending Perenco’s rights on the concessions until 2040.
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