NYK to Jointly Participate in Stones Ultra-deep-water Oil and Gas Project in the Gulf of Mexico
July 16, 2015
NYK has made the decision to invest jointly with the Mitsubishi Corporation (MC) in the chartering, operation, and maintenance of a floating production, storage, and offloading (FPSO) vessel* in the Stones project, an ultra-deep-sea field in the Gulf of Mexico 2,900 meters below the surface and approximately 320 kilometers off the shore of the U.S. state of Louisiana.
The Stones project is owned and operated by Shell Offshore Inc., a group of Royal Dutch Shell plc., and NYK and MC have entered a consortium with SBM Offshore, which has been entrusted by Shell Offshore Inc. to lead the FPSO operation.
NYK currently participates in three FPSO businesses in waters off Brazil, and the consortium-owned FPSO used in this project (FPSO Turritella) will be the fourth FPSO venture for NYK. The Stones field will be the deepest an FPSO has ever operated, and to ensure safety, the vessel will make use of a state-of-the-art turret featuring a detachable buoy that allows the vessel to turn in place during normal weather conditions and, if a heavy storm or hurricane approaches,disconnect the mooring lines and risers from the well system and sail to a safe area.
Outline of FPSO
|
(1) Oil processing capacity
|
60,000 barrels of oil per day
|
|
(2) Gas processing capacity
|
15 million standard cubic feet per day
|
|
(3) Oil storage capacity
|
800,000 barrels
|
|
(4) Mooring Type
|
Disconnectable internal turret
|
|
(5) Term
|
Firm 10 years + Optional 10 years
|
In accordance with its medium-term management plan “More Than Shipping 2018,” NYK will continue to make use of its extensive technical expertise, knowledge, and know-how to be an integral part of the offshore business.
*An FPSO vessel is an offshore installation that produces crude oil by separating solids, water, and gases from liquid drawn from reservoirs beneath the seabed and storing it until it is offloaded to shuttle tankers or export tankers.
Outline of each company
About Mitsubishi Corporation
|
(1) Head Office
|
3-1, Marunouchi 2 Chome, Chiyoda-ku, Tokyo
|
|
(2) Established
|
July 1, 1954
|
|
(3) Representative
|
Ken Kobayashi, President
|
|
(4) Description of Business
|
A global integrated business enterprise that develops and operates businesses across virtually every industry, including environmental and infrastructure business, industrial finance, energy, metals, machinery, chemicals, and living essentials.
|
|
(5) Number of Employees
|
71,994 (as of March 2015)
|
About SBM Offshore N.V.
|
(1) Head Office
|
Schiedam, The Netherlands
|
|
(2) Established
|
1965
|
|
(3) Representative
|
Bruno Chabas, Managing Director and CEO
|
|
(4) Description of Business
|
The construction, installation, and leasing of offshore equipment and engineering services, such as FPSO
|
|
(5) Number of Employees
|
About 10,500 (as of the end of December 2014)
|
The news on this website is as of the date announced and may change without notice.