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Samsung benefits from Nigeria local content regulation The french major Total and its partners, China National Offshore Oil Corporation (CNOOC) and Nigeria National Petroleum Company (NNPC), are in the process to approve Samsung Heavy Industries (Samsung) offer for Egina new-build floating production storage and offloading (FPSO) vessel. Egina project is part of the development of […]

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Definition Converted FPSO refers to a Floating Production Storage and Offloading (FPSO) vessel made by the modification of an existing transportation vessel, usually a crude oil shuttle tanker. Converted FPSO opposes to new-build FPSO which is designed and constructed from a white page.  Comments The conversion of a transportation vessel into a FPSO is a common practice used in multiple […]

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Definition Turret is the major component of a vessel or any floating production unit (FPSO, FPO) to which the risers coming from the seabed are connected. Turret name refers the rotating function of this large equipment to facilitate the rotation of the vessel according to winds, waves and dominating current while the risers remain connected to a […]

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Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development       Partners and actual interests in Dagny are split between:  – Statoil 58.5%  – ExxonMobil 33%  – Total 6.5%  – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]

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