Location:

Malaysia

Project Timeline:

2021

Sector:

Oil and Gas

Scope

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

Services

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

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