GPC advised that there continues to be a delay in reconnection of the FPSO Rubicon Intrepid following the disconnection that was undertaken last week due to adverse weather in the Galoc Field.
The delay is due to mis-orientation and deformation of the mooring and riser system that connects the FPSO to the seabed and subsea wells. An underwater survey was undertaken to establish the extent of the problem and an offshore construction vessel has been mobilized to the field to undertake remedial work. At this time the scope of the necessary remedial work is being established along with the likely duration.
The mooring and riser system is a key component of the overall FPSO system which is provided by Rubicon Offshore International under the provisions of an operated lease / service contract.
The reserves estimate and requirement for additional wells and facility capacity will be reassessed following an analysis of results from initial field production performance.
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