Extending asset life in the Gulf of Thailand
We have been the Service Operator for the Jasmine FPF-003 FPSO since acquiring it in 2011, operating in compliance with the Thailand Government, Flag State and CLASS requirements to drive production efficiency and cost reduction.
years of operations and maintenance activity
% reduction in FPSO OPEX
million workhours without an LTI
liftings of crude oil to export tankers without incident
million barrels produced, several times more than original estimates
When the contract was initially awarded, expected field life was due to end in 2016. As a result of our cost-effective approach to operations and extensive life extension projects undertaken in alignment with the client, the agreement was extended to a ‘life of field’ contract valid until 2023.
We are responsible for delivering an optimised scope to further reduce Jasmine’s operating costs and to create operational efficiencies which will underpin the viability of the mature field development.
Driving production efficiency and cost reduction
Through our strong project delivery and collaborative approach, we reduced Jasmine’s operating and logistics costs to create operational efficiencies which will underpin the viability of the mature field development.
We reduced operating expenses by more than 30%, enabling economically viable life extension of the field. The Jasmine field has now produced over 83 million barrels, several times more than original estimates of recoverable reserves.
Extending field life
We completed a life extension study of the moorings, turret and main swivel bearing. Life extension of these components has been validated and CLASS extension secured until end of current contract life.
Ongoing technical studies such as the produced water handling and debottlenecking studies have resulted in modification projects to better manage late life reservoir conditions.
Enhancing the workforce
Throughout the duration of the project, we have maintained a strong and consistent team with less than 1.5% turnover of employees working in the field.
We significantly reduced logistic costs through the implementation of rota changes for offshore crew. Multi skilling of the workforce was undertaken to enable the crew to execute additional duties on the asset.
With a team of 40 people offshore
and an operations support team based in the Bangkok office, we continue to perform operations and maintenance and life extension works to the facilities, moorings and hull.