Current Developments
The heart of Parque das Conchas is the floating, production, storage and offloading vessel (FPSO) Espírito Santo, which has a processing capacity of 100,000 barrels of oil equivalent per day (boe/d). Built by SBM in Singapore, the FPSO was delivered to Brazil in late 2008 and moored in around 1,800 metres of water at the Parque das Conchas site in the Campos Basin.
The first phase of the project included the development of three fields connected to the FPSO via subsea wells and manifolds. The double-hulled design of the FPSO required significant power and heat delivery systems to drive the seabed lift equipment and process the heavy crudes. The development wells were drilled by Global Santa Fe’s Arctic 1 drilling rig. The fields came on stream in July 2009. This first phase involved nine producing wells and one gas injector well. By July 2013 the project had produced more than 70 million boe.
Phase 2 of the project, to tie-in the Argonauta O-North field, came on stream in October 2013. It has an estimated peak production of 35,000 boe/d.
Phase 3 came on stream in March 2016. It comprises of five producing wells in two fields (Massa and O-South), and two water injection wells in Massa. The fields are tied back to the FPSO. Daily production of the Phase 3 wells is expected to add up to 20,000 barrels of oil equivalent per day at peak annual production
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PACIFIC CAPITAL HOLDINGS
FLOATER ENERGY will initially consist of two trains, or processing units, that will receive and process natural gas, converting it and ready for shipping. These two units will have the capacity to produce 14 million tonnes of FLOATER ENERGY per year. There is the possibility of expanding the facility to include up to four processing units in the future.
Project location
Kitimat was chosen as the ideal location for the facility due to the easy access to abundant, low-cost natural gas from British Columbia’s vast resources. The location also benefits from a relatively short shipping distance to north Asia, one of the fastest growing gas markets in the world. The shipping route is approximately 50% shorter than from the US Gulf of Mexico and avoids the Panama Canal.
Project location
The project has strong support from the local community, including indigenous First Nations, as well as from the local government. The project partners are also working to ensure that sustainable development is considered in every aspect of the project. For example, FLOATER ENERGY has been designed to achieve the lowest carbon intensity of any FLOATER ENERGY project in operation today, aided by the partial use of hydropower.