Market study for available Mobile offshore production units (MOPU)

Client: International Oil Company

Description

An international oil and gas major were looking to study the different options available for mobile offshore production units/facilities to process and export the gas and condensate to the shore from offshore fields at a North West Shelf location. BE&R performed a high-level review of the current MOPU market for the available facilities and investigated three types of MOPU units; FPSOs, Jack-ups, and Semi-submersibles.

Challenge

Our client faced the challenge of identifying the ideal type of mobile production facility for their deep-water gas production field development. Due to the limited market information and data the range and availability of platforms on the market was difficult to source and confidence in the public domain data was low. The location and bathymetry of the field lead to high-spec mobile production units being deemed suitable.

Solution

BE&R researched and provided the long list of available mobile productions units and via a technical quantitative assessment shortlisted the best-fit MOPU candidates. BE&R diligently researched the shortlisted candidates, generating high level cost estimates, upgrade requirements and key areas of concern. A ranking criterion for shortlisting the candidates was developed by BE&R, driven by the clients key drivers, based on factors such as availability, host country safety case environment, asset age, deck capacity/storage and production. BE&R has an extensive database of all types of production facilities and vessels including projected availability which was used in the study along with BE&R industry contacts and other publicly available sources to support the quality of the data.

If you’re interested in engaging in a market study with BE&R Consulting, speak to our in-house expert, Sara Subra.