[GOM] Trion

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escveritas
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[GOM] Trion

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BHP confirmed that SBM Offshore USA, Inc., TechnipFMC USA, Inc. dba Genesis North America and McDermott International, Ltd have been selected to deliver an early engineering study for a Semisubmersible Floating Production Unit (FPU) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.

In addition, BHP confirmed that Altera Infrastructure dba Teekay Shipping Norway AS, BW Offshore dba BW Offshore Singapore Pte Ltd, and SBM Offshore dba Single Buoy Moorings Inc. have been selected to deliver an early engineering study for a Floating Storage and Offloading Unit (FSO) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.

Separately, DORIS Engineering had been awarded by BHP for the engineering of Trion SURF and export package.

BHP holds a 60 per cent interest (and operatorship) in Trion with Pemex holding the remainder 40 per cent interest.
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Re: [GOM] Trion

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DORIS AWARDED BY BHP FOR THE ENGINEERING OF TRION SURF AND EXPORT PACKAGE

BHP Petroleum (via its subsidiary BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V.) has contracted DORIS Inc. for the execution of Engineer Services for the SURF and Export Pipeline scopes of work of the Trion Project located in the Mexican Sector of the Gulf of Mexico.

The Trion field encompasses an area of 1,285 sq km (798 sq mi) and is located in the Perdido belt at a water depth of approximately 2570 meters. BHP is the operator holding a 60 percent interest in the development and PEMEX Exploration and Production is the non-operating partner with a 40 percent interest.

Christophe Debouvry, CEO of DORIS Group, said: “This project is a strategic win for DORIS Group. It is the recognition of our strong experience in deepwater developments, it complements our portfolio in Mexico, and it strengthens our relationship with BHP”.

DORIS Inc. is a fully owned subsidiary of the DORIS Group. DORIS is a global Engineering and Project Management company in the energy industry headquartered in Paris, France. It has four main activities : Engineering Oil & Gas, Renewables, Asset Management and Technical Assistance. DORIS has 1,000 employees, present on every continent. With an experience of 55 years and more than 100 world firsts, DORIS is the reference in engineering for the energy industry.
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Re: [GOM] Trion

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BHP selects contractors for bridging phase in Pre-FEED Design Competition for Trion Floating Production Unit

07 October 2020, 10:00 AM

BHP today confirmed that Technip USA, Inc. dba Genesis North America and McDermott, Inc. have been selected to progress to the bridging phase of the early engineering study for a Semisubmersible Floating Production Unit (FPU) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.

The bridging phase is an extension of the Pre-FEED, where BHP will continue to evaluate the two contractors prior to the selection of a single FEED contractor.

BHP holds a 60 per cent interest (and operatorship) in Trion. PEMEX holds a 40 per cent interest.
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Re: [GOM] Trion

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McDermott Awarded Contract by BHP for Pre-FEED Extension Phase for the Trion Project Semi-Submersible FPU

HOUSTON, Dec. 10, 2020 /PRNewswire/ -- McDermott International, Ltd today announced it has been selected by BHP Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to perform the preliminary Front-End Engineering Design (pre-FEED) extension phase for a Floating Production Unit (FPU) that could be installed in a water depth of approximately 8,200 feet (2,500 meters) at the Trion field, located approximately 19 miles (30 kilometers) south of the U.S./Mexico border and approximately 112 miles (180 kilometers) from the Mexican coastline.

The pre-FEED extension is expected to create greater value for the project by concentrating on the optimization of the design and execution strategy.

"We look forward to building on our strong relationship with BHP and Pemex with this latest contract award for the next phase in the Trion Project for the Semi-Submersible FPU," said Mark Coscio, Senior Vice President for McDermott's North, Central and South America region. "We will work with the project to further develop the execution plan for Trion in order to optimize the design and pre-FEED scope for them."

McDermott was awarded the contract for pre-FEED services for the Trion FPU in March 2020. Its scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.

McDermott will work in close partnership with Houston Offshore Engineering and Wood on the Pre-FEED extension. McDermott will lead a single, integrated team to perform project management, execution planning and estimation services. Houston Offshore Engineering and Wood will focus on engineering optimizations. Technical support for fabrication and integration planning will be provided by McDermott's fabrication yards in Batam, Indonesia, and Altamira, Mexico.

McDermott is currently delivering the subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I) and pre-commissioning of one jacket and topsides for the BHP Ruby Project located offshore Trinidad and Tobago.
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Re: [GOM] Trion

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DORIS AWARDED TRION SURF FEED BY BHP PETROLEUM

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DORIS has been selected by BHP Petroleum (via its subsidiary BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V.) to continue into the next phase of Trion’s engineering work, FEED (Front End Engineering and Design), for the SURF (Subsea Umbilicals Risers and Flowlines) scope of work. This effort will continue Doris’ relationship with BHP after the successfully completed Pre-FEED scope.

The Trion field encompasses an area of 1,285 sq./km. (798 sq./mi.) and is located in the Mexican waters of the Gulf of Mexico, at a water depth of approximately 2500 meters. BHP is the operator holding a 60 percent interest in the development with our non-operating partner PEMEX Exploration and Production who holds a 40 percent interest.
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Re: [GOM] Trion

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BHP approves Shenzi North project and moves Trion project into the FEED phase

05 August 2021, 11:30 PM


The BHP Board has today approved US$544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. The capital expenditure approved represents a 100 per cent share interest. The project offers very attractive returns at a nominal IRR of over 35 per cent, a breakeven of approximately US$25/bbl and a payback of less than 2 years1. BHP is operator and holds a 72 per cent share in Shenzi North. Repsol holds the remaining 28 per cent working interest and is expected to make a Final Investment Decision later this calendar year.

Shenzi North represents the first development phase of Greater Wildling, following exploration success in 2017, with the resource and development plan further refined through Ocean Bottom Node seismic data and analysis. The project will take advantage of existing infrastructure and production capacity in the nearby Shenzi production facility, with value further enhanced through the recent acquisition of an additional 28 per cent working interest taking BHP’s interest in the Shenzi field from 44 per cent to 72 per cent. The project adds two wells and subsea equipment to establish a new drill centre north of Shenzi with the capacity to produce up to approximately 30 mboe per day. Production is expected to begin in the 2024 financial year.

In addition, the BHP Board has also approved US$258 million in capital expenditure to move the Trion oil project in Mexico into the Front End Engineering Design (FEED) phase. The focus of these studies will be on completion of the engineering, commercial arrangements and execution planning required to progress to a Final Investment Decision from mid-calendar year 2022. BHP holds a 60 per cent participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. PEMEX Exploration & Production Mexico holds a 40 per cent interest in the blocks.

Geraldine Slattery, BHP President Petroleum, said “Both Shenzi North and Trion are strong growth assets for our business, providing attractive returns from relatively low carbon intensity resources.

“Shenzi North is aligned with the petroleum strategy to unlock and deliver further growth options in this key Gulf of Mexico heartland. This Board decision also marks an important milestone in advancing the Trion development as we continue to work with our partner PEMEX towards a Final Investment Decision in calendar year 2022.”



1 At consensus pricing, 10% nominal discount rate.
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Re: [GOM] Trion

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WOODSIDE APPROVES INVESTMENT IN TRION DEVELOPMENT

20 Jun 2023

Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.

The development is subject to joint venture approval and regulatory approval of the field development plan (FDP), expected in the fourth quarter of 2023. Woodside is operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%.

The forecast total capital expenditure is US$7.2 billion (US$4.8 billion Woodside share including capital carry of PEMEX of approximately US$460 million) with the development expected to deliver strong returns to Woodside shareholders as well as economic and social benefits to Mexico.1

The investment is expected to deliver an internal rate of return (IRR) greater than 16% with a payback period of less than four years.2 The forecast IRR excluding the capital carry is greater than 19%.

The project will target the development of an estimated 479 MMboe of Best Estimate (2C) Contingent Resource (100%) of oil and gas (287 MMboe 2C Contingent Resources, Woodside net economic interest).3 The subsurface has been extensively appraised, with six well penetrations undertaken across the field, informing Woodside’s understanding of this large, high-quality conventional resource.

The resource will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day. The FPU will be connected to a floating storage and offloading (FSO) vessel with a capacity of 950,000 barrels of oil.

Woodside’s greenhouse gas emissions reduction targets remain unchanged by the decision to approve investment in Trion. 4,5 The starting base for this target will not be adjusted as a result of the investment decision.

Woodside CEO Meg O’Neill said Trion is an attractive addition to Woodside’s portfolio of high-quality producing assets in the Gulf of Mexico.
“Trion is a valuable resource with a mature development concept. Our strong balance sheet and disciplined approach enable us to invest in opportunities such as Trion, expanding our global portfolio and delivering long-term value.

“The investment is aligned with Woodside’s strategy, exceeds Woodside’s capital allocation framework targets and will be a strong contributor to Woodside’s cash flows, shareholder returns and the funding of future developments in oil, gas and new energy.

“This development leverages Woodside’s proven expertise in deepwater project execution. The project’s tendering process has resulted in approximately 70% of total forecast capital expenditure as lump sum or fixed rates, with key contracts to be progressively executed following joint venture approval.

“Trion has an expected carbon intensity of 11.8 kgCO2-e/boe average over the life of the field, which is lower than the global deepwater oil average, and will be subject to Woodside’s corporate net equity Scope 1 and 2 emissions reduction targets.6

“We have considered a range of oil demand forecasts and believe Trion can help satisfy the world’s energy requirements. Two-thirds of the Trion resource is expected to be produced within the first 10 years after start-up.

“We are developing Trion because we believe it will deliver value for Woodside shareholders and benefit for Mexico, including generation of jobs, taxation revenue and social benefit. We value the ongoing relationship with PEMEX and the support of the Mexican Government and regulators,” she said.

About Trion

Trion is located in a water depth of 2,500 m, approximately 180 km off the Mexican coastline and 30 km south of the Mexico/US maritime border. Trion was discovered in 2012 by PEMEX. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in
2022. Development of Trion, which is subject to joint venture and regulatory approval of the FDP, will include the installation of an FPU, an FSO, and 18 wells (nine producers, seven water injectors and two gas injectors) drilled in the initial phase, with a total of 24 wells drilled over the life of the Trion project. The forecast total capital expenditure of US$7.2 billion includes all 24 wells. Gas that is not reinjected or used on the FPU will be shipped to the Mexican markets.

The Trion Asociación (Trion Joint Venture) comprises Woodside Petróleo Operaciones de México, S. de R.L. de C.V. (60%, operator) and PEMEX Exploración y Producción (40%).
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Re: [GOM] Trion

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14 Mar 2024
Subsea7 announced the award of a large(1) contract by Woodside Energy to provide subsea installation services for the Trion development. The field is located approximately 30 kilometres south of the US / Mexico border and 180 kilometres away from the Mexican coastline, at a water depth of 2,600 metres.

The project, which Woodside and Pemex are developing in partnership, involves a wet tree subsea system connected to an infield Floating Production Unit (FPU). Subsea7 will be responsible for the engineering, construction, and installation of the subsea umbilicals, risers, and flowlines, as well as the associated subsea architecture.

Project management and engineering will begin immediately from our offices in the U.S. and Mexico. Offshore activities are expected to take place between 2026 and 2027.

Craig Broussard, Vice President for Subsea7 Gulf of Mexico, said, “This award acknowledges our strong partnership with Woodside globally. With our experience in the Gulf of Mexico and proven track record, we can deliver innovative, reliable, fast-tracked solutions that create value for our clients. We are proud to be a part of Woodside and Pemex’s first deepwater development in Mexico.”

(1) Subsea7 defines a large contract as being between USD 300 million and USD 500 million.
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Re: [GOM] Trion

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8 January 2024

Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion Floating Production Unit (FPU) in Mexican waters of the Gulf of Mexico. When complete, Trion will have a production capacity of 100,000 barrels per day and connect to a 950,000 barrel capacity floating storage and offloading vessel.

This greenfield development will represent the first deepwater development in Mexico at a water depth of 2,500 meters. HD Hyundai Heavy Industries is the engineering, procurement and construction (EPC) provider for the FPU and Wood's latest award follows the delivery of the Trion pre-FEED and FEED design.

John Day, President of Oil, Gas and Power at Wood commented, "We are pleased to have been selected as the topsides engineering provider for Trion by Woodside Energy and the project's EPC Contractor, HD Hyundai Heavy Industries. Wood's innovative design process on the pre-FEED and FEED work positioned us well for the detailed engineering scope on Trion.

"Applying a practical approach to decarbonisation in the design process has been an important part of this project, whilst ensuring safety and quality. Our team has a proven history with Woodside, having worked together for two decades, and our experience designing and delivering solutions for Trion will improve productivity, reduce emissions and maximize the return on investment for our client."

SeonMook Lim, Engineering Vice President of Offshore Engineering Division as HD Hyundai Heavy Industries commented, "We are very pleased to reunite with Wood through the Trion FPU Project for the first time since we worked on the East Area Natural Gas Liquids Offshore Project in West Africa in 2005. We are greatly enthusiastic about creating another EPC success story that will leave a lasting mark in the history of offshore oil and gas development. We look forward to continuing our relationship with Woodside as we embark on Trion FPU project."

Wood's teams in Houston (US) and Bogota (Colombia) will deliver the detailed topsides design work for the FPU project over the next three years. In the last decade, Wood has designed more than 50% of topside facilities in the Gulf of Mexico today.
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