First Exploration & Petroleum Development Company Ltd (First E&P) will receive Nigeria’s first floating production storage and offloading vessel (FPSO) modification and upgrading project in 2020 from a shipping company based in Singapore, Keppel Off-shore & Marine.
FPSO Abigail-Joseph scheduled for work at Anyala and Madu discoveries in Oil Mining Leases (OML) 83 and 85 is designed for 15 years of operations without dry-docking and is been chartered by First E&P on a seven-year contract with options to extend.
According to information published on Keppel Offshore & Marine website, the span of the project included refurbishment and life extension work, engineering and procurement, fabrication and installation of new structures including the helideck and riser balcony, as well as the installation, integration, and completion of topside modules.
The bareboat charter deal is also accompanied by operations and maintenance (O&M) deal, with the total value of both deals up to $901.79 million. The FPSO was previously deployed in Gabon at the Olowi field.
“This is our 134th floating production vessel, and we are pleased to be able to fast-track the project and upgrade it in less than seven months,” Chris Ong, CEO of Keppel O&M said in a statement.
The FPSO called Abigail-Joseph has a processing capacity of 50,000 BPD of oil and 60,000 BPD of liquid. It also has a gas compression capacity of 34 MMscf/d and a storage capacity of not less than 550,000 bbl of oil although Yinson’s website shows 870,000 barrels.
The plan for Yinson commenced in 3Q 2019 with delivery expected in 1Q 2020.
“The vessel is expected to reach Nigeria by early May after which she will undergo final commissioning works. Start-up of production is scheduled for end May 2020,” Yinson said in a statement.
According to Yinson, the FPSO is expected to reach Nigeria in May, where it will be moored over the Anyala & Madu fields in Block OML 83 & 85.
“This achievement reflects Keppel’s track record of reliability and quality, anchored in our strong engineering and project management capabilities, which enable us to offer value-adding solutions for customers,” Ong said in a statement.
OML 83 covers and aerial extent of 125 sq. km, with Anyala field as the only discovery within the acre-age while Madu field which is the main discovery within OML 85, has an aerial extent of 521sq.km. Anyala field is located at a water depth of 55m, about 45km off the coast of Bayelsa State.
