Categories
Exploration

Apr 2019 – 5 yr forecast US$30bn FPSO/FLNG spend

Source: Westwood Global Energy Group, 2019-04-07, accessed: 2020-01-11

Adeosun of Westwood Global Energy Group projects 2019-2024 spend on FPSO/FLNG of US$30 billion projects. That is over and above the US$19 billion awards for 2019 (of which new build FPSO were US$5billion).

Notable builders include: Samsung Heavy Industries (SHI), Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME). Kvaerner (Equinor’s Johan Castberg). Energean’s Karish-Tanin (TechnipFMC main contractor for US$1.36 billion project) subcontracting to COSCO for hull).

Categories
Brazil

2023/24 – Exxon projects Carcara start

Start date: 2024
Location: Brazil – pre-salt Carcara field

Exxon expects start up Carcara in 2023/24. The block is held 36.5% Exxon and Equinor, Petrogal Brasil 17% and Barra Energia 10%. The Carcara field is estimated to contain 2 billion barrels of high quality oil. (source: Exxon data, accessed 2020-01-02)