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CVX/PTTEP/MOECO – Ubon Offshore Gas Field Development – Thailand - Project Profile

CVX/PTTEP/MOECO – Ubon Offshore Gas Field Development – Thailand - Project Profile

Synopsis

"CVX/PTTEP/MOECO – Ubon Offshore Gas Field Development – Thailand - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "CVX/PTTEP/MOECO – Ubon Offshore Gas Field Development – Thailand - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Chevron Corporation (CVX) along with PTT Exploration and Production Public Company Ltd (PTTEP) and Mitsui Oil Exploration Co., Ltd (MOECO) is undertaking the Ubon Offshore Gas Field Development project in the Gulf of Thailand.

The project involves the construction of a central processing platform (CPP) with a capacity of 115 million standard cubic feet per day (MMSCFD) (1,185 Million Cubic Meters per Annum) of natural gas.

The project will include the construction of a floating storage and offloading (FSO) with a storage capacity of 25,000 barrels of condensate natural gas per day (2,980 Million Cubic Meters), satellite wellhead platforms and accommodation facility for 140 people.

The project also includes the installation of a turret moored, mechanical and electrical systems, safety and security systems and the laying of pipelines.

Technip completed the feasibility study to develop Ubon and proposed two options in respect with the high contend of NGL in the reservoir.

The first option combined a floating, production, storage and offloading (FPSO) vessel with a wellhead platform, whereas, the second option tied up a central processing platform with an FSO vessel.

The second option was preferred for the development of the gas field.

The tender for the front-end engineering and design (FEED) contract was invited from Aker Solutions, EGD Consulting, Mustang from the Wood Group, Technip and WorleyParsons. The FEED contract was awarded to Technip.

The tender for pre-qualification for turnkey contract was issued for the central processing platform. China Offshore Oil Engineering Company (COOEC) from China, Daewoo Shipbuilding and Marine Engineering (DSME) from South Korea, Hyundai Heavy Industries (HHI) from South Korea, Malaysia Marine Heavy Engineering (MMHE) from Malaysia, USA's McDermott Inc., Saipem from Italy, Samsung Heavy Industries (SHI); and SMOE from Singapore submitted bids.

The FEED works commenced in the second quarter of 2013.

In January 2014, CVX shortlisted five companies name as Daewoo Shipbuilding & Marine Engineering (DSME), Malaysia Marine Heavy Industries (MMHE), McDermott, Samsung Heavy Industries (SHI) and SMOE for the Ubon central processing platform (CPP). The companies have already submitted the technical and commercial proposals. CVX also shortlisted three companies named as Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) for floating storage and offloading facilities.

In February 2015, DSME, SHI and SMOE were the three contenders left for the bidding process.

In June 2016, Chevron was in the process of re-evaluation of design and planning activities. It is assessing alternatives for the optimum development of the Ubon Field.

Planning activities are underway and construction is expected to complete in 2021.

Scope

The project involves the development of a gas field at Block 12/27 in the Gulf of Thailand.

The US$1,500 million project includes the following:

1. Construction of a central processing platform with a capacity of 115MMSCFD of natural gas

2. Construction of a FSO with a storage capacity of 25,000 barrels of condensate natural gas

3. Construction of satellite wellhead platforms

4. Construction of accommodation facility for 140 people

5. Installation of mechanical and electrical systems

6. Installation of safety and security system

7. Installation of a turret moored

8. Laying of pipelines

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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