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Welcome to FloatingProductionZone.com. This is your source for the most up to date active and forecasted floating production information.
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| Quest's Intelligence Briefs have proven to be a fantastic resource for keeping up to speed with important industry news. To learn more, click here. Check out the headlines from the latest issue below. |
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OPERATOR GROUP TO CREATE NEW SPILL CONTAINMENT SYSTEM |
| Chevron, ConocoPhillips, ExxonMobil and Shell have unveiled a plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico.
The new system will be flexible, adaptable and able to begin mobilization within 24 hours and can be used on a wide range of well designs and equipment, oil and natural gas flow rates and weather conditions. The new system will be engineered to be used in deepwater depths up to 10,000 feet and have initial capacity to contain 100,000 barrels per day with potential for expansion.
The companies have committed $1 billion to fund the initial costs of the system. Additional operational and maintenance costs for the subsea and modular processing equipment, contracts with existing operating vessels in the Gulf of Mexico and any potential new vessels that may be constructed will increase this cost commitment.
This system offers key advantages to the current response equipment in that it will be pre-engineered, constructed, tested and ready for rapi... |
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