Client: Mubadala Petroleum
Assets: FPF-003 FPSO, Block B5/27, Jasmine field
Location: Gulf of Thailand
Petrofac has provided Facilities Management and Operating and Maintenance Services for the FPF-003 FPSO since April 2011; operating in compliance with the Thailand Government, Flag State and Class requirements.
Through the delivery of these works by working together with our client, we have been able to further reduce the operating costs of the FPF-003 FPSO without compromising safety. This contract is supported by around 40 people offshore and an operations support team based in the Bangkok office.
When the contract was initially awarded, expected field life was to 2016. Through our alignment and in support of our client’s cost-effective approach to operations, the O&M agreement now extends to the end of 2023.
Our approach to extending field life through improving the economic viability has so far included:
Life extension studies
Commercials and legal
As a result of this work we have achieved:
Petrofac continues to perform life extension works to the FPSO system to enable the operation to potentially continue to the end of 2023, under a ‘life of field’ agreement. Under the contract terms we will deliver an optimised scope designed to further reduce Jasmine’s operating costs and to create operational efficiencies which will underpin the viability of the mature field development.