FPSO anchors at Catcher field in readiness for first N. Sea oil by Hogmanay

The BW Catcher floating production and storage vessel (pictured) has arrived at the Premier Oil field, due east of Aberdeen.

The hook up of the submerged turret production buoy mooring system has now been completed with the vessel successfully completing a rotation test around the buoy.

The final pull-in of the risers and umbilicals is now underway and commissioning activities have also commenced in parallel. Delivery of first oil remains on schedule by the end of the year.

Meanwhile, Brazil has started a $36 billion oil exploration licensing round.

An auction for blocks for exploration and production of oil and natural gas, on a production-sharing basis, will be held on 27 October 2017 in Rio de Janeiro. 

In production-sharing auctions, the winning companies are those that offer to the Brazilian state, from a settled minimum percentage, the largest portion of the produced oil and natural gas (that is, the largest part of the profit oil). 

It is expected that the eight blocks offered in the bidding rounds will generate $36 billion in investments. Moreover, the development of the reservoirs should provide about $130 billion in royalties, profit oil and income tax to successful bidders.

For more information, contact the Brazilian state oil corporation: imprensa@anp.gov.br

24 Oct 2017

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