Sunbird mulls over FPSO for Ibhubesi Phase-1
The Australian company Sunbird Energy (Sunbird) and its local partner, the national oil company (NOC) PetroSA, are considering to use a floating production, storage and offloading (FPSO) vessel to develop the Ibhubesi gas field offshore the west coast of South Africa.
Discovered in 1981 by Forest Oil Corporation (Forest Oil) and Anschutz Corporation (Anschutz), the Ibhubesi gas field belongs to the Production Right Block 2A covering 5,000 square kilometers in the Orange Basin approximately 100 kilometers offshore the Northern Cape Province.
– Sunbird 76% is the operator
– PetroSA 24%
From the last assessment performed in June 2013, Ibhubesi is given to hold proven and probable reserves (2P) of:
In addition the Block 2A is suspected of significant resources upside with more than 5 trillion cubic feet (tcf) unrisked gross prospective resources with a nearly certain probability of P90.
This resources upside will be subject to intensive exploration campaign that may take a couple of years more for conclusions.
JP Kenny and KBR won Sunbird Ibhubesi pre-FEED
Although the Ibhubesi gas field is located only 100 kilometer from the shore, JP Kenny and KBR are considering a 400 kilometer subsea export pipeline up to potential power plants in the Northern Cape Province.
Then for Ibhubesi Phase-2, Sunbird and its partner should invest $400 million more to add new production wells.
From the current planning, Sunbird and PetroSA expect JP Kenny and Granherne to complete their pre-FEED and FEED work in 2014 in order to commence the engineering, procurement and construction (EPC) of the Ibhubesi FPSO in 2015 for first production in 2017.