Independent oil firm SOCO International announced Thursday that the first phase of a test of an FPSO (floating production, storage and offloading) facility, offshore Vietnam, to see if it can handle volumes above 55,000 barrels of oil per day has been successfully completed.
The first phase of the multi-stage capacity test on the FPSO unit at the Te Giac Trang field successfully processed sustained production at more than 60,000 bopd. This, said SOCO, confirmed its expectations, based on pre-test simulations, that only minor modifications to the low-pressure separator system would be required.
The modifications will now be made ahead of the next phase of the testing program, when production volumes of more than 60,000 bopd will be processed.
SOCO CEO Ed Story commented in a statement:
"The results of the first phase of the FPSO capacity test fully support our belief that with only minor modifications the FPSO should comfortably be able to handle volumes of around 70,000 bopd. This gives us considerable confidence that the TGT Field production levels can be maintained at a rate of circa 55,000 bopd."
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