AI
Tuesday, December 04, 2007 8:23:11 PM
This is a new board to highlight FSPO'S..
A Floating Production, Storage and Offloading vessel (FPSO; also called a "unit" and a "system") is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process it, and store it until the oil or gas can be offloaded onto waiting tankers, or sent through a pipeline.
A Floating storage and offloading unit is a similar system, but without the possibility to do any processing of the oil or gas.
hank
=======================================
SEVAN.ol,, SVMRF.ol.... My best IDEA IMO,, hank
STRONG BUY
HomePage:
http://www.sevanmarine.com/
Pictures of Sevan FPSO's: Long Load,, Worth the wait...
http://www.newsweb.no/atmnt/071126Pareto_NY.pdf?id=48701
Recent PR Releases:
http://www.newsweb.no/index.jsp?issuerId=17536&lang=1&fromDate=01.01.2007
Sevan Marine ASA is listed on Oslo Børs and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped platform type, suitable for applications in all offshore environments. Presently Sevan Marine is focusing on two application types for its cylinder platform, floating production and drilling. Sevan Marine has offices in Tananger, Arendal, Asker and Trondheim, Norway; Singapore and Rio de Janeiro, Brasil. For more information, please refer to
www.sevanmarine.com.
The Sevan Technology
The Sevan platform is classified as an Offshore Installation and meets the industry's requirement for versatility and flexibility.
Proven technology
High capacity for both oil storage and deck load
Low cost and fast construction
High flexibility for various applications
Extensive model tests completed
Main Sevan platform features
No turret
No swivel
Spread mooring
Any number and type of riser
Oil storage
Segregated ballast
High deck load capacity
Excellent motions
High safety standard
Offloading to tankers
Wide capacity range
The unit has a wide capacity range with an oil storage capacity of up to 2 million bbls.
The Versatility of the Sevan Technology
The Company has since its origin focused its business on the development of a new cylinder shaped platform type for storage and production of hydrocarbons in deep and shallow waters (FPSO). The platform is designed to operate in all types of offshore conditions.
The main competitive advantage of the Sevan platform is that it combines internal oil storage capacity and ability to carry high topside weights with a low construction cost compared to other FPSOs.
The Sevan platform is an alternative to ship based production and storage solutions as well as semisubmersibles, TLPs and Spar platforms. The platform is suitable for use in all offshore markets including harsh environment areas and on both marginal andlarge field developments, due to its flexible design and favourable motion characteristics. Currently, the Sevan platform has been used for production and drilling applications.
Due to its versatility, the Sevan design may also be used in connection with applications such as accommodation and various gas applications. Going forward, the Company will evaluate the potential for such complementary uses of the Sevan Technology.
SEVAN.ol Storage system:
The FPSO Sevan Piranema has today commenced oil production on the Piranema field, off the coast of Aracaju, in the state of Sergipe, Brasil.
The Sevan Piranema will be working under an 11+11 year charter contract with Petrobras S.A., in ultra deep water, ranging from 1,000 to 1,600 m.
The FPSO has an oil storage capacity of 300,000 barrels and is equipped with an oil process capacity of 30,000 barrels per day and a gas compression capacity of 3.6 million m3 per day.
The Sevan Piranema is the world`s first cylinder shaped FPSO and is based on Sevan`s unique and patented technology. The hull was constructed in China while the topside fabrication, assembly and commissioning took place in Europe. It is the
first floating production unit to be installed in this area of Brasil.
- This is a major milestone for Sevan and marks the start of a new phase in the development of our Company. We are proud that Petrobras, a world leader in deep water technology and the world`s largest user of floating production units, is the first oil company utilizing the Sevan FPSO, says Jan Erik Tveteraas, CEO of Sevan Marine ASA.
- The cylindrical Sevan FPSO is designed to provide improved motions, higher stability reserves and higher deck load apacity than conventional units. The experience so far from the Piranema field confirms these capabilities, says Tveteraas.
In addition to Sevan Piranema, Sevan has entered into contracts for the charter of four other Sevan units, of which three production units and one drilling unit. The three Sevan FPSOs will be installed in the North Sea while the Sevan Driller will go to US Gulf of Mexico under a six-year contract with Petrobras America Inc.
For further information, please contact:
Jan Erik Tveteraas, CEO Sevan Marine ASA (Media).
Phone: +47 51944960 w
+47 95214925 m
Egil Kvannli, CFO Sevan Marine ASA (Analysts)
Phone: +47 51944964 w
+47 91618888 m
=======================================
A Floating Production, Storage and Offloading vessel (FPSO; also called a "unit" and a "system") is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process it, and store it until the oil or gas can be offloaded onto waiting tankers, or sent through a pipeline.
A Floating storage and offloading unit is a similar system, but without the possibility to do any processing of the oil or gas.
hank
=======================================
SEVAN.ol,, SVMRF.ol.... My best IDEA IMO,, hank
STRONG BUY
HomePage:
http://www.sevanmarine.com/
Pictures of Sevan FPSO's: Long Load,, Worth the wait...
http://www.newsweb.no/atmnt/071126Pareto_NY.pdf?id=48701
Recent PR Releases:
http://www.newsweb.no/index.jsp?issuerId=17536&lang=1&fromDate=01.01.2007
Sevan Marine ASA is listed on Oslo Børs and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped platform type, suitable for applications in all offshore environments. Presently Sevan Marine is focusing on two application types for its cylinder platform, floating production and drilling. Sevan Marine has offices in Tananger, Arendal, Asker and Trondheim, Norway; Singapore and Rio de Janeiro, Brasil. For more information, please refer to
www.sevanmarine.com.
The Sevan Technology
The Sevan platform is classified as an Offshore Installation and meets the industry's requirement for versatility and flexibility.
Proven technology
High capacity for both oil storage and deck load
Low cost and fast construction
High flexibility for various applications
Extensive model tests completed
Main Sevan platform features
No turret
No swivel
Spread mooring
Any number and type of riser
Oil storage
Segregated ballast
High deck load capacity
Excellent motions
High safety standard
Offloading to tankers
Wide capacity range
The unit has a wide capacity range with an oil storage capacity of up to 2 million bbls.
The Versatility of the Sevan Technology
The Company has since its origin focused its business on the development of a new cylinder shaped platform type for storage and production of hydrocarbons in deep and shallow waters (FPSO). The platform is designed to operate in all types of offshore conditions.
The main competitive advantage of the Sevan platform is that it combines internal oil storage capacity and ability to carry high topside weights with a low construction cost compared to other FPSOs.
The Sevan platform is an alternative to ship based production and storage solutions as well as semisubmersibles, TLPs and Spar platforms. The platform is suitable for use in all offshore markets including harsh environment areas and on both marginal andlarge field developments, due to its flexible design and favourable motion characteristics. Currently, the Sevan platform has been used for production and drilling applications.
Due to its versatility, the Sevan design may also be used in connection with applications such as accommodation and various gas applications. Going forward, the Company will evaluate the potential for such complementary uses of the Sevan Technology.
SEVAN.ol Storage system:
The FPSO Sevan Piranema has today commenced oil production on the Piranema field, off the coast of Aracaju, in the state of Sergipe, Brasil.
The Sevan Piranema will be working under an 11+11 year charter contract with Petrobras S.A., in ultra deep water, ranging from 1,000 to 1,600 m.
The FPSO has an oil storage capacity of 300,000 barrels and is equipped with an oil process capacity of 30,000 barrels per day and a gas compression capacity of 3.6 million m3 per day.
The Sevan Piranema is the world`s first cylinder shaped FPSO and is based on Sevan`s unique and patented technology. The hull was constructed in China while the topside fabrication, assembly and commissioning took place in Europe. It is the
first floating production unit to be installed in this area of Brasil.
- This is a major milestone for Sevan and marks the start of a new phase in the development of our Company. We are proud that Petrobras, a world leader in deep water technology and the world`s largest user of floating production units, is the first oil company utilizing the Sevan FPSO, says Jan Erik Tveteraas, CEO of Sevan Marine ASA.
- The cylindrical Sevan FPSO is designed to provide improved motions, higher stability reserves and higher deck load apacity than conventional units. The experience so far from the Piranema field confirms these capabilities, says Tveteraas.
In addition to Sevan Piranema, Sevan has entered into contracts for the charter of four other Sevan units, of which three production units and one drilling unit. The three Sevan FPSOs will be installed in the North Sea while the Sevan Driller will go to US Gulf of Mexico under a six-year contract with Petrobras America Inc.
For further information, please contact:
Jan Erik Tveteraas, CEO Sevan Marine ASA (Media).
Phone: +47 51944960 w
+47 95214925 m
Egil Kvannli, CFO Sevan Marine ASA (Analysts)
Phone: +47 51944964 w
+47 91618888 m
=======================================
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