During the latter part of 2006, Nortechs announced they were planning three FPSO units ready for production from 3Q 2007 and 3Q 2008, each to have generic process plants installed and designed to cater for a broad range of process requirements. The East Fortune is the first of these FPSOs and will have the capacity to process 30,000 bpd but with the option to increase its capability to 50,000 bpd if required. The process module also offers three stage separation, produced water treatment and chemical injection systems.
"This is another exciting and challenging project for DPS, reflecting the depth of offshore experience and expertise the DPS team have accrued over many years," said Neil Young, DPS' Managing Director. "The global desire to exploit marginal fields has seen a general rise in interest for 'generic FPSOs,' although turning concepts into reality is far from simple. That said, this is an area in which DPS excel and this project in particular represents exactly what DPS have to offer in terms of the provision of economically viable and flexible processing solutions using plug and play process modules and smart equipment design, engineered into the system at day one."
Young noted: "We initially undertook a Front End Engineering Design (FEED) study for Nortechs which has subsequently progressed through to the detailed design stage, as a result of the strong inter-relationships and similarities we have with our client."
Commenting on the apparent tight deadlines, Young added: "This will certainly utilize and fully test our global network of partners and suppliers, but having undertaken a number of similar projects in the past we are extremely confident all milestones can be hit."
DPS is a supplier and integrator of processing products and systems, providing the design, engineering services and project management necessary for upstream, midstream and downstream oil & gas operations in both offshore and onshore environments. Solutions extend from Front-End Engineering Design (FEED) studies through detailed design, construction, commissioning and training to operations and maintenance phases. DPS is also significantly involved in SPT BV Ltd, which offers a next-generation gas sweetening process.
Nortechs FPSO Pte Ltd dates back to year 2000 when the two founders, Harald Vartdal and Kenneth Topstad, formed a project and construction management company geared towards the floating production market. Together with their innovative, widely and highly experienced team, they have successfully completed numerous FPSO/FSO projects that operate worldwide.
The Nortechs FPSO P/L project teams are organized and staffed to enable swift design modifications and additions to the generic design. The Company's turnaround time for FPSO deployment ranges from 8 to 14 months subject to delivery lead times for add-on systems and facilities.
Currently Nortechs FPSO P/L, as owner and operator, is converting one Panamax and one Suezmax tanker to FPSOs for marginal field developments. The conversions will be performed at yards in Singapore and China. The third Panamax tanker is operated as a trading tanker pending deployment for an FPSO development. The FPSOs will have oil production capacities ranging from 30,000 to 60,000 barrels per day and storage capacities ranging from 360,000 to 1,050,000 barrels FPSO East Fortune and FPSO East Venture, respectively.
Nortechs FPSO is also in discussions with oil companies for potential contracts and minor adaptation of equipment and systems to suit particular field and process requirements. The opportunities are related to early production systems, marginal production fields and tail-end production. The current geographical focus is on Southeast Asian waters, where Nortechs sees a significant number of smaller fields in a growing demand region.
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