Suncor Energy unit will be revamped at Navantia’s El Ferrol yard and return to Canada this year
Suncor Energy’s ageing Terra Nova floating production, storage and offloading vessel has arrived in Spain for vital upgrade and repair work that will keep her stationed offshore Canada for 10 more years.
The FPSO has arrived at Navantia’s dry dock in El Ferrol, Galicia after a four-week voyage across the Atlantic Ocean from the Bull Arm fabrication yard in Newfoundland where she had been anchored, awaiting news on her future after being demobilised from the Terra Nova oilfield in late 2019.
The Maersk Clipper anchor handler assisted in the FPSO’ trans-Atlantic voyage and remains stationed in El Ferrol.
Navantia has been charged with carrying out life extension activities on the vessel, including structural work on the hull, plus the maintenance and renovation of topsides facilities and rotating equipment.
This contract was originally due to start in early 2020, but Suncor and its partners stalled the upgrade work when their plans were blown out of the water by Covid-19 and low oil prices.
After a partner re-organisation, the development was sanctioned in September last year and the Navantia contract revived.
The upgrade lies at the heart of the $500 million Terra Nova Asset Life Extension (ALE) which aims to exploit – via subsea wells – a further 70 million barrels of oil from the eponymous field located in the Grand Banks.
Once Navantia wraps up its work, the FPSO is due to head back to eastern and resume production before the end of this year, with gross output forecast to reach about 29,000 barrels per day in 2023.
Source: Upstream | This text was excerpted from the media outlet cited on January 5, 2022 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.