Project Timeline:



Oil and Gas


rhi was engaged by the client to provide FPSO benchmarking services for their site, located off the coast of Malaysia.


Provision of FPSO Benchmarking services (CAPEX & schedule) comprising the following key activities:​

  • Malaysia & Singapore FPSO cost and schedule data for conversion and redeployment projects (approx. 8 projects with indicative data for the redeployment projects pending further vessel details).​

Key benchmark metrics comprised:​

  • Scope
  1. Daily Design Throughput in BOE vs Reservoir Size​
  2. Turret Weight vs Daily Design Throughput in BOE​
  • Cost:  
  1. FPSO size and gas processing storage for cost​
  2. Facility Unit Development Cost vs Reservoir Size​
  3. Owner’s Cost as Percentage of Facility Cost​
  4. Mooring Cost per Metre vs Installed Metres​
  5. Hull Cost vs Hull Weight, Hull Conversion Cost Range (specific to FPSO Conversion)​
  • Schedule: 
  1. FID to First Hydrocarbon vs Topside Dry Weight​
  2. Start Fabrication to Sailaway vs Topside Dry Weight ​
  3. For Malaysia, to consider MR stages, tender and approval stages

Value-added by rhi

  • Repository of comparable project reference data – scope, cost & schedule​
  • Suitably experienced regional team​

Key Contact