The new floating production, storage and offloading unit (FPSO) will replace the existing Schiehallion FPSO, producing from the Schiehallion and Loyal fields located in deep water west of the Shetland Islands in the North Sea. FPSOs are floating vessels used by the offshore industry for the processing of hydrocarbons and for storage of oil.
To be built by Hyundai Heavy Industries Co. (HHI) of Korea, the Quad 204 FPSO will be delivered in early 2015. HHI will conduct all of the project work covering engineering, procurement and construction with an option for transportation and commissioning assistance.
The new FPSO will deliver incremental reserves with an increased operating efficiency, extending the field life past 2035. The existing subsea infrastructure will be reused and upgraded. Up to twenty-five new infill wells will be drilled.
The new unit will be able to produce 130,000 barrels of oil and 2.2 million cubic meters of gas per day, with a storage capacity of 1.1 million barrels of oil. The vessel will be 270 meters long and 52 meters wide.
Along with BP, Royal Dutch Shell, Amerada Hess and Statoil are the largest stakeholders of the operation.