Offshore Field Development Projects
PSVM PSVM
Operator:BP
Water Depth:2,000 m / 6,600 ft
Region:Africa - West
Country:Angola
Last Updated:Sep 11, 2013    (view update history)
Project Description
Located on Block 31 in the ultra-deepwaters of Angola, the PSVM project is a hub field development that will produce from the Plutao, Saturno, Venus and Marte oil fields. Comprising the northeast sector of the license about 249 miles (400 kilometers) from Luanda and in waters measuring 6,562 feet (2,000 meters), PSVM is the first of four planned development projects on Block 31.

With waters ranging from 4,921 to 8,202 feet (1,500 to 2,500 meters) deep, Block 31 spans 1.3 million acres (5,349 square kilometers). Acquired in 1999, BP serves as operator of Block 31 with a 26.7% interest. Project partners include ExxonMobil with 25%, Sonangol with 20%, Statoil with 13.33%, Marathon with 10% and TEPA with 5%. Sonangol also serves as concessionaire of the ...
Located on Block 31 in the ultra-deepwaters of Angola, the PSVM project is a hub field development that will produce from the Plutao, Saturno, Venus and Marte oil fields. Comprising the northeast sector of the license about 249 miles (400 kilometers) from Luanda and in waters measuring 6,562 feet (2,000 meters), PSVM is the first of four planned development projects on Block 31.

With waters ranging from 4,921 to 8,202 feet (1,500 to 2,500 meters) deep, Block 31 spans 1.3 million acres (5,349 square kilometers). Acquired in 1999, BP serves as operator of Block 31 with a 26.7% interest. Project partners include ExxonMobil with 25%, Sonangol with 20%, Statoil with 13.33%, Marathon with 10% and TEPA with 5%. Sonangol also serves as concessionaire of the block.

Block 31 Discoveries: Plutao, Saturno, Marte and Venus

The first discovery on Block 31, Plutao was drilled in September 2002 by the Leiv Eiriksson semisub in 6,627 feet (2,020 meters) of water. Reaching a total depth of 13,357 feet (4,100 meters), the discovery well tested at a daily rate of 5,357 bopd.

The second discovery made on the block in July 2003, is the Saturno oil field. which was drilled by the Leiv Eiriksson in 5,919 feet (1,804 meters) of water. Located 9 miles (14 kilometers) northeast of the Plutao well, Saturno-1 was drilled to a total depth of 15,443 feet (4,707 meters) and tested at a rate of 5,000 bopd.

In November 2003, Marte was the third discovery made on Block 31, approximately 12 miles (20 kilometers) from the previous wells. Drilled to a total depth of 13,757 feet (4,193 meters) in 6,562 feet (2,000 meters) of water, Marte-1 flowed at a rate of 5,200 bopd in tests.

Drilled in June 2004 in waters measuring 6,562 feet (2,000 meters), Venus was the fourth discovery made on Block 31. Located 7 miles (11 kilometers) from Saturno, Venus encountered three oil-bearing reservoirs.

PSVM Field Development

In an effort to develop the entire block efficiently, the project development has been standardized, including the design, fabrication and commissioning. Authorized by Sonangol in July 2008, the field development plan for PSVM encompasses 48 subsea wells (including production and water- and gas-injection wells) connected to 15 manifolds, and 106 miles (170 kilometers) of flowlines and 59 miles (95 kilometers) of control umbilicals linking the production to a converted FPSO.

Halliburton was chosen to provide well completions services for PSVM, including upper and lower completions equipment, downhole flow control, and drilling and completions fluids.

For a consideration of $1 billion, Heerema Marine Contractors was awarded the contract for the risers and production flowlines on the PSVM development. The work scope includes engineering, procurement, construction, installation and testing of the pipe-in-pipe production flowlines, service flowlines and vertical riser systems. The deepwater construction vessel Balder is scheduled to install the subsea equipment in mid-2010.

For a combined consideration of US $594 million, Technip was awarded multiple contracts on the PSVM project. One is for the engineering, procurement and fabrication of the flexible pipe and two flexible jumpers; and another is for the engineering, procurement and construction of 34 umbilicals measuring 27 miles (43 kilometers) in length. The third contract is for three rigid flowlines measuring 40 miles (64 kilometers) in length. Scheduled in 2010, Technip's Deep Blue pipelay vessel will handle offshore works.

Awarded in July 2008, Aker Solutions was tapped to provide subsea umbilicals for the PSVM development. For a consideration of $53 million, Aker Solutions will manufacture and deliver another 30 miles (48 kilometers) of steel tube umbilicals required for the development.

In a $460 million contract, Subsea 7 was tapped to handle the project management, engineering and installation of the subsea infrastructure, as well as perform testing and pre-commissioning services. The Seven Seas vessel will be installing the equipment, including the umbilicals, pipeline jumpers, flexibles and structures. Additionally, Subsea 7 will supply specialist installation equipment, such as lay systems, deepwater workclass ROVs, cranes, winches, carousels and reel drives.

Currently being converted from a tanker, the double-hulled PSVM FPSO will have a storage capacity of 1.6 MMbo and a processing capacity of 157,000 bopd. The production facilities aboard the vessel include oil separators, gas injection/gas lift equipment and water injection equipment. Being built to operate for 20 years without the need to dry-dock, the vessel will house a SOFEC external turret mooring system for mooring in waters 2,000 meters deep. MODEC was tapped to supply the FPSO in July 2008, and Jurong Shipyard was subcontracted to perform the conversion for a consideration of $133 million.

With construction commencing in 2008, production is expected to begin in 2011 with a peak production of 150,000 bopd being reached on PSVM by 2012.

Future Development

Comprising four of the 16 discoveries on the highly proficient block, PSVM is the first of four planned development projects for the license. With plans for more than 150 production wells over the license, Block 31 is being developed in phases.

Project partners have standardized the Block 31 development concept in an effort to bring all of the fields into production more quickly. In effect, the other three development plans should closely mirror that of PSVM (aka a subsea development linked to an FPSO), and multiple contractors on the PSVM project have been tapped for the next three projects. For example, Subsea 7 signed a contract for call-off services on all four of the developments, as well as Heerema and Halliburton.

Currently in the planning stage, the next project will incorporate the fields in the southeast area of Block 31, which include Palas, Ceres, Juno, Astraea and Hebe. Another group of fields are clustered in the northwest section of the block. These fields include Urano, Titania, Terra, Portia, Miranda and Cordelia. The 16th discovery, Dione is located in the southern section of Block 31.
Activities
Status Updates
Technip Bags Dual Angolan FPSO Contract
Type: Contract Award

Feb. 2013 - BP Angola, operator of the PSVM Development Project, awarded a five-year contract to Technip regarding the Greater Plutonio and PSVM FPSOs. Under the contract, Technip will provide engineering and modification services for each vessel in Blocks 18 and 31 respectively. Additionally, Technip will provide procurement and project management for onshore and offshore construction activities. Technip's operating center in Luanda will execute the contract which is scheduled for completion near the end of 2017.

BP Announces First Oil from PSVM
Type: Production Start

Feb. 2013 - The joint venture partners in Block 31 announced the start of production from the PSVM development off Angola. First oil started with three production wells in the Plutao field and should ramp up to roughly 70,000 barrels per day. Production should hit 150,000 barrels per day once wells from the Saturno, Venus and Marte fields are brought online. Production from the fields flows through an FPSO with a storage capacity of 1.6 million barrels. A total of 40 production, gas and water injection wells will be connected to the vessel through 15 subsea manifolds.

BP Announces First Oil from PSVM
Type: Production Start

Feb. 2013 - The joint venture partners in Block 31 announced the start of production from the PSVM development off Angola. First oil started with three production wells in the Plutao field and should ramp up to roughly 70,000 barrels per day. Production should hit 150,000 barrels per day once wells from the Saturno, Venus and Marte fields are brought on-line. Production from the fields flows through an FPSO with a storage capacity of 1.6 million barrels. A total of 40 production, gas and water injection wells will be connected to the vessel through 15 subsea manifolds.

First Subsea Completes Block 31 FPSO Mooring
Type: Status Update

Jun. 2012 - First Subsea has completed the mooring of the PSVM (Plutao, Saturno, Venus and Marte) FPSO in Block 31 offshore Angola. The double-hulled PSVM FPSO, moored in 6,562 feet (2,000 meters) of water, is a hub field development that will produce oil from the Plutao, Saturno, Venus and Marte fields. Comprising the northeast sector of the license about 400 kilometers (249 miles) from Luanda, PSVM is the first of four planned development projects on Block 31.

Jurong Shipyard Converts PSVM FPSO for MODEC
Type: Facility Construction

Apr. 2011 - Jurong Shipyard has completed the conversion of the PSVM FPSO for MODEC. The vessel will deploy to the BP-operated Plutao, Saturno, Venus, and Marte (PSVM) development in Block 31 offshore Angola. Designed for up to 20 years of deployment without drydocking, FPSO PSVM will be capable of processing 157,000 bopd and 245 MMcf/d of natural gas with a storage capacity of 1.8 MMbbl. The vessel was converted from the VLCC Ex-Bourgogne. Conversion involved installing an external turret mooring system and process facilities, which include gas turbine generators, oil separation, gas injection/gas lift, and water injection systems.

MODEC Awarded Aker a Mooring Contract for PSVM FPSO
Type: Subsea Equipment

Jan. 2011 - MODEC Offshore Production Systems awarded Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. MODEC will supply the PSVM FPSO to BP for their PSVM development in Block 31. Currently being converted from a tanker, the double-hulled PSVM FPSO will have a storage capacity of 1.6 MMbo and a processing capacity of 157,000 bopd. Located on Block 31 in the ultra-deepwaters of Angola, the PSVM project is a hub field development that will produce from the Plutao, Saturno, Venus and Marte oil fields. Production is expected to begin in 2011 with a peak production of 150,000 bopd being reached on PSVM by 2012. BP serves as operator of Block 31 with a 26.7% interest.

MODEC Awards Jurong FPSO Conversion for Angola's Block 31 PSVM Fields
Type: Contract Award

Dec. 2008 - Jurong Shipyard secured a $132.75 million contract to convert the VLCC tanker to the PSVM FPSO for MODEC.

Technip's Subsidiary Reels in Major Field Work for BP's Angolan Fields
Type: Contract Award

Sep. 2008 - Technip and its subsidiary Angoflex were awarded two new major frame agreements by BP Exploration (Angola) Ltd. for its deepwater oilfield developments in Angola, including work at the Plutao, Saturno, Venus and Marte fields located in Block 31.

MODEC to Ship FPSO to BP's Angola Block 31
Type: Contract Award

Jul. 2008 - MODEC was awarded a frame agreement from BP for the supply of an FPSO under an EPCI constract for PSVM.

BP, Partners Get Nod to Develop Angola's Block 31
Type: Development Activity

Jul. 2008 - Sonangol authorized BP and its co-venturers to develop a series of deepwater oil discoveries in offshore Angola's Block 31. The first project in the program will comprise the Plutao, Saturno, Venus and Marte (PSVM) fields which lie in the northeast sector of Block 31. Construction work is expected to start during 2008 with first oil planned in 2011.

BP Makes Second Ultra-Deepwater Discovery Offshore Angola
Type: New Discovery

Jul. 2003 - Sonangol and BP have made an ultra-deepwater discovery in Block 31, Saturno-1, offshore Angola. This is the third exploration well BP has drilled in Block 31, and the second successful discovery following the Plutao discovery announced last September. The Saturno-1 was drilled by the semi-submersible drilling rig, the Leiv Eiriksson, in 1,804 meters water depth some 170 kilometers off the Angolan coast and reached a total depth of 4,707 meters below sea level.

BP Confirms Deepwater Discovery Offshore Angola
Type: New Discovery

Sep. 2002 - Sonangol and BP have discovered oil with the Plutao well in the ultra-deepwater Block 31, offshore Angola. This is the second exploration well BP has drilled in Block 31. The well was tested at a maximum rate of 5,357 barrels a day of oil through a 48/64ths-inch choke. Further work will be needed to evaluate the full extent of the Plutao discovery. The Leiv Eiriksson semi-submersible drilling rig drilled Plutão-1 in 6,628 ft of water and reached a TD of 14,607 ft subsea. The well was tested through a 48/64-inch choke at a maximum rate of 5,357 bpd of oil. BP said further work would be required to more fully evaluate the extent of the Plutao discovery.

PSVM FPSO
Producing - Dec 2012 to -

Under Construction - Jul 31, 2008 to Dec 2012

Currently being converted from a tanker, the double-hulled PSVM FPSO will have a storage capacity of 1.6 MMbo and a processing capacity of 157,000 bopd. The production facilities aboard the vessel include oil separators, gas injection/gas lift equipment and water injection equipment. Being built to operate for 20 years without the need to dry-dock, the vessel will house a SOFEC external turret mooring system for mooring in waters 2,000 meters deep. First oil is expected in 2011.

Venus
Producing - Under Dev. - Dec 2012 to -

Under Development - Jul 2008 to Dec 2012

Called the PSVM project, Venus is being developed with nearby Block 31 fields Plutao, Saturno and Marte. Authorized by Sonangol in July 2008, the field development plan for PSVM encompasses 48 subsea wells (including production and water- and gas-injection wells) connected to 15 manifolds, and 106 miles (170 kilometers) of flowlines and 59 miles (95 kilometers) of control umbilicals linking the production to a converted FPSO. Production is expected in 2011.

Exploratory Drilling - Jun 2004 to Jun 2004

Drilled in June 2004 in waters measuring 6,562 feet (2,000 meters), Venus was the fourth discovery made on Block 31. Located 7 miles (11 kilometers) from Saturno, Venus encountered three oil-bearing reservoirs.

Marte
Producing - Under Dev. - Dec 2012 to -

Under Development - Jul 2008 to Dec 2012

In a project named PSVM, Marte is being developed with nearby Block 31 fields Plutao, Saturno and Venus. Authorized by Sonangol in July 2008, the field development plan for PSVM encompasses 48 subsea wells (including production and water- and gas-injection wells) connected to 15 manifolds, and 106 miles (170 kilometers) of flowlines and 59 miles (95 kilometers) of control umbilicals linking the production to a converted FPSO. Production is expected in 2011.

Discovery (Drilled) - Nov 2003 to Nov 2003

In November 2003, Marte was the third discovery made on Block 31, approximately 12 miles (20 kilometers) from the previous wells. Drilled to a total depth of 13,757 feet (4,193 meters) in 6,562 feet (2,000 meters) of water, Marte-1 flowed at a rate of 5,200 bopd in tests.

Saturno
Producing - Under Dev. - Dec 2012 to -

Under Development - Jul 2008 to Dec 2012

Called the PSVM project, Saturno is being developed with nearby Block 31 fields Plutao, Marte and Venus. Authorized by Sonangol in July 2008, the field development plan for PSVM encompasses 48 subsea wells (including production and water- and gas-injection wells) connected to 15 manifolds, and 106 miles (170 kilometers) of flowlines and 59 miles (95 kilometers) of control umbilicals linking the production to a converted FPSO. First oil is expected in 2011.

Discovery (Drilled) - Jul 2003 to Jul 2003

The second discovery made on Block 31 in July 2003, the Saturno oil field was drilled by the Leiv Eiriksson in 5,919 feet (1,804 meters) of water. Located 9 miles (14 kilometers) northeast of the Plutao well, Saturno-1 was drilled to a total depth of 15,443 feet (4,707 meters) and tested at a rate of 5,000 bopd.

Plutao
Producing - Under Dev. - Dec 2012 to -

Under Development - Jul 2008 to Dec 2012

Called the PSVM project, Plutao is being developed with nearby Block 31 fields Marte, Venus and Saturno. Authorized by Sonangol in July 2008, the field development plan for PSVM encompasses 48 subsea wells (including production and water- and gas-injection wells) connected to 15 manifolds, and 106 miles (170 kilometers) of flowlines and 59 miles (95 kilometers) of control umbilicals linking the production to a converted FPSO. Production is expected to commence in 2011.

Discovery (Drilled) - Sep 2002 to Sep 02, 2002

The first discovery on Block 31, Plutao was drilled in September 2002 by the Leiv Eiriksson semisub in 6,627 feet (2,020 meters) of water. Reaching a total depth of 13,357 feet (4,100 meters), the discovery well tested at a daily rate of 5,357 bopd.

Update History
The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.
UPDATE TYPE DATE DAYS AGO
Field Updated Sep 11, 2013 377
Activity Added Feb 22, 2013 578
Facility Updated Feb 22, 2013 578
Field Updated Feb 01, 2013 599
Field Status Updated Feb 01, 2013 599
Field Status Added Feb 01, 2013 599
Facility Updated Feb 01, 2013 599
Facility Status Updated Feb 01, 2013 599
Facility Status Added Feb 01, 2013 599
Activity Added Feb 01, 2013 599
Field Updated Jun 04, 2012 841
Facility Updated Jun 04, 2012 841
Activity Added Jun 04, 2012 841
Project Description Updated Jun 24, 2011 1187
Facility Updated Apr 25, 2011 1247
Activity Added Apr 22, 2011 1250
Activity Added Jan 03, 2011 1359
Field Updated Jan 03, 2011 1359
Project Description Updated Feb 12, 2010 1684
Field Updated Feb 11, 2009 2050
Facility Updated Feb 11, 2009 2050
Activity Added Dec 09, 2008 2114
Project Description Added Nov 24, 2008 2129
Activity Added Sep 12, 2008 2202
Field Added Aug 04, 2008 2241
Field Status Added Aug 04, 2008 2241
Facility Status Added Aug 01, 2008 2244
Field Status Added Aug 01, 2008 2244
Facility Added Aug 01, 2008 2244
Field Added Aug 01, 2008 2244
Activity Added Jul 31, 2008 2245
Activity Added Jul 28, 2008 2248
Activity Added Jul 28, 2003 4075
Activity Added Sep 05, 2002 4401

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
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Facility Name PSVM FPSO
Duty Oil/Gas
Operator BP
Current Status Producing since 2012
Host Type FPSO
Water Depth 2,000 m / 6,600 ft
Dev.Cost n/a
 
Region Angola
 
Location Block 31
 
Field Name Plutao
Discovery Date Sep 2002
Block Block 31
Reserve Type Oil
Current Status Producing - Under Dev.
Production Start
Water Depth 2,020 m / 6,666 ft
Field Name Saturno
Discovery Date Jul 2003
Block Block 31
Reserve Type Oil
Current Status Producing - Under Dev.
Production Start
Water Depth 1,804 m / 5,953 ft
Field Name Marte
Discovery Date Nov 2003
Block Block 31
Reserve Type Oil
Current Status Producing - Under Dev.
Production Start
Water Depth 2,000 m / 6,600 ft
Field Name Venus
Discovery Date Jun 2004
Block Block 31
Reserve Type Oil
Current Status Producing - Under Dev.
Production Start
Water Depth 2,000 m / 6,600 ft