Petrobras has highlighted the money it is saving through the utilisation of subsea equipment support vessels (SESVs) instead of drillships and rigs to install its subsea trees in the pre-salt offshore Brazil.
The Brazilian operator says the tree-on-wire technology is saving it US $5 million per well, and also enabling it to install the trees at greater depths than previously achieved using the same method. The use of a subsea support vessel to install the equipment rather than a drillship, it estimates, saved it approximately 10 days (hence the saving of $5 million) on well 7-SPH-2D-SP on the Sapinhoá field in the Santos Basin.
The operation, carried out in a water depth of 2,130 m (6,989 ft), saw the company use Akastor’s Skandi Santos for the job. Petrobras says the use of this kind of subsea vessel “has some other major advantages in relation to traditional drillships. For example, using a drilling ship it takes around 10 hours to lower a riser 1,000 m in the open sea. Consequently, the time taken to lower a Christmas tree for installation on a well at a water depth of 2,300 m is 40 hours on average. SESVs, on the other hand, can perform the same manoeuvre in less than four hours, due to the cable launch and return speed.”
Petrobras had already used this technology at depths of up to 2,000 m, but following some engineering studies, adaptations were made to the Skandi Santos, enabling it to install equipment at depths of up to 2,300 m.
“After the success of this first experience, the use of SESVs has now been proven as a viable option for the pre-salt layer, and this will help reduce operating costs and times. Petrobras has now chartered a second SESV, which is being adapted for depths of up to 2,500 m (8,202 ft) and which should start operating in the second half of 2016.
The Sapinhoá field is operated by Petrobras (45%) in partnership with BG (30%) and Repsol Sinopec (25%).
Recommended Reading
Diversified Energy Buys NatGas Assets in Runup to LNG Exports
2024-03-19 - Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.
Ohio Oil, Appalachia Gas Plays Ripe for Consolidation
2024-04-09 - With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.
Which Haynesville E&Ps Might Bid for Tellurian’s Upstream Assets?
2024-02-12 - As Haynesville E&Ps look to add scale and get ahead of growing LNG export capacity, Tellurian’s Louisiana assets are expected to fetch strong competition, according to Energy Advisors Group.
Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up
2024-03-28 - Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
Matador Bolts On Additional Interest from Advance Energy Partners
2024-02-27 - Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.