Rubicon Vantage Scrapped

Post Reply
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Rubicon Vantage Scrapped

Unread post by escveritas »

FPSO Rubicon Vantage is a double-hull floating production storage and offloading (FPSO) vessel with a hydrocarbon production facility designed to receive well fluids, separate and stabilise the produced crude and store the stabilised crude in the FPSO's cargo tanks, treat and discharge the produced water and flare the produced gas.

Rubicon Vantage is also equipped with a water injection module to treat and pump sea water or produced water for disposal or reservoir pressure maintenance.

A tandem mooring system and floating hose arrangement facilitates crude cargo transfer to customer tankers.

Converted to an FPSO in 2007/8, the Rubicon Vantage is currently on-station at Wassana Field, offshore Thailand, operating as an FSO (with the process facilities bypassed) and maintaining station via a conventional single point mooring system (CALM buoy).
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: Rubicon Vantage

Unread post by escveritas »

KrisEnergy hires Rubicon Vantage FSO for Wassana work

October 27, 2014

KrisEnergy Ltd. has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (“CALM”) buoy for utilisation on the Wassana oil development in the G10/48 licence area in the Gulf of Thailand. The Wassana field is anticipated to start production in the second half of 2015.

The Rubicon Vantage is a double-hull FSO facility owned by Rubicon Vantage International Pte Ltd and has been operating in the Gulf of Thailand since 2008. The vessel is 228.6 metres in overall length and has a storage capacity of 597,206 barrels. It can accommodate up to 40 persons.

The CALM buoy is supplied by Equatoriale Services Pte Ltd. Its hull is moored to the seabed using six mooring chain legs guided through rotating chain stoppers and connected to high capacity power anchors. A turntable is located on top of the hull to accommodate FSO mooring hawsers and floating hoses. A proprietary-designed dual-path swivel unit enables the transfer of fluids during vessel rotations. Fluids are transferred from the CALM buoy to the FSO via floating hoses protected by marine breakaway couplings. This technology enables safe mooring of the vessel while guaranteeing the transfer of crude oil and water during weather-vanning of the FSO.

Chris Gibson-Robinson, Director Exploration & Production, commented: “The Rubicon Vantage has experience of the environment and local regulations in the Gulf of Thailand where it has been operating for six years. With the FSO and CALM buoy contracts, most of the key elements for the Wassana development – facilities, drilling contract and now offloading and storage – are in place and we are on track to take the field into production next year. We plan to coordinate further exploration in G10/48 at the same time.”

KrisEnergy holds 100% working interest in G10/48, which covers 4,696 sq km over the southern section of the Pattani Basin in water depths up to 60 metres. The licence contains three oil discoveries – Wassana, Niramai and Mayura – in various stages of development or appraisal.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: Rubicon Vantage Scrapped

Unread post by escveritas »

The FPSO Rubicon Vantage, which earlier was acquired by KrisEnergy (Apsara) for its Cambodian's maiden upstream venture, has been sold for scrap and the vessel is now in Bangladesh scrap yard.



The vessel's fate, together with the KrisEnergy's Apsara Mini Phase 1A development was concluded in June 2021 when the company submitted a winding-up petition to the Grand Court of the Cayman Islands last Friday (June 4), it said in a bourse filing that night. The hearing date for the petition has yet to be fixed.

In making this decision, KrisEnergy said it had considered several factors including its liabilities, which exceed the value of its assets; the "significantly lower" ultimate recovery and cash flow from the Apsara Mini Phase 1A development; the lack of an "acceptable" alternative restructuring option; as well as the lack of near-term infusion of funds available to the company.
Post Reply

Return to “Rubicon Offshore”

Who is online

Users browsing this forum: No registered users and 1 guest