FSO Vessel Of Cepu Block To Complete In January 2014

abarrelfullabarrelfull wrote on 01 Oct 2012 07:47
Tags: indonesia services

Latest News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/killajoules.wikidot.com\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"3","module_body":"* %%linked_title%%"}}
  • Want a weekly review of refining news?

The Floating Storage and Offloading (FSO) vessel, which will be used as oil storage facility of Banyu Urip Project, Cepu Block, is expected to complete in January 2014. Currently the vessel is being converted in Sembawang Shipyard, Singapore.

“The vessel should complete in timely manner so that full production of Banyu Urip Project will remain in line with the target,” said Deputy Chairman for Operations Control, BPMIGAS, Gde Pradnyana prior to the ceremony of Strike Steel FSO in Singapore, Friday (31/8). Such event is attended by Senior Vice President and General Manager Mobil Cepu Limited (MCL), Kenneth C. Dowd, Managing Director of Sembawang, P. K. Ong, and Head of Operations Support Division, BPMIGAS, Amir Hamzah.

The double Hull VLCC (Very Large Crude Carrier) made in 1993 was previously a Greek flag trade ship under the name of MT Chios. The vessel is classified as a very large vessel. The length is 327 meters and has dead-weight of 320,000 tons with storage capacity of 1.7 million barrels.
Gde reminded, the completion of the work must observe the quality and cost effectiveness, and the highest safety standards. It is necessary to optimize the involvement of national capacity in the implementation of the conversion, including the change in the ownership of the vessel to be under Indonesia flag.

The construction of full production facility lf Banyu Urip Field is a huge work with very high complexity. This work is divided into five contracts of engineering, procurement, and construction (EPC). FSO vessel includes EPC 4 contract.

Gde explained, the Banyu Urip Project indicates a progress which is quite satisfied. At the beginning of this week, the EPC-2 construction has been inaugurated for 20” onshore pipeline of 72 kilometer. Additionally, Local Government of Bojonegoro Regency has issued all principle permits for the construction of production process facility (EPC 1) and infrastructure facility including EPC 5.

Those that have not been concluded, he said, are related to the involvement of local component, particularly for the scope of work in EPC 1. BPMIGAS has committed that the project should be able to generate benefits for Bojonegoro society. In other side, the high standards of upstream oil and gas industry should remain be fulfilled. “We encourage Local Government, contractor, and MCL to intensively communicate to find solution,” said Gde.
He revealed, Banyu Urip Project needs special attention. For this reason, BPMIGAS has established separated team called as Wasdal (Supervision and Control) of Banyu Urip Project.

Kenneth added, Banyu Urip Field is a project that is expected to be able to improve national oil production. With reserves approximately of 450 million barrels of oil, Banyu Urip becomes a non-exploited field having the largest oil reservoir. Currently, the oil production of Banyu Urip is within the range of 24,000 barrels per day. This number is expected to reach 165,000 barrels per day when the development facility is completely built in mid 2014. “We are working hard to reach such target,” said Kenneth. (ACU)

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License