Scope
rhi was engaged by the client to provide FPSO benchmarking services for their site, located off the coast of Malaysia.
ServicesProvision 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:
- Daily Design Throughput in BOE vs Reservoir Size
- Turret Weight vs Daily Design Throughput in BOE
- FPSO size and gas processing storage for cost
- Facility Unit Development Cost vs Reservoir Size
- Owner’s Cost as Percentage of Facility Cost
- Mooring Cost per Metre vs Installed Metres
- Hull Cost vs Hull Weight, Hull Conversion Cost Range (specific to FPSO Conversion)
- FID to First Hydrocarbon vs Topside Dry Weight
- Start Fabrication to Sailaway vs Topside Dry Weight
- 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