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U.S. Starting to Ease Restraints On Gulf of Mexico Development

Publication Date: 3/23/2011
Author: 
Format: HTML

Description:
The U.S. government on March 17 gave final regulatory approval for the first floating production storage and offloading facility in the Gulf of Mexico. The FPSO will be used instead of permanent production platforms. Operators in the gulf have not needed the technology previously because of the vast infrastructure that already exists in the Gulf of Mexico. The FPSO, the BW Pioneer, will have the capacity to produce up to 80,000 barrels of oil per day and 16 million cu ft of gas per day. The Bureau of Ocean Energy Management Regulation and Enforcement says the facility will soon be operational in 8,200 ft of water about 160 miles off the Louisiana coast in Brazil-based Petrobas’ Chinook-Cascade field. The oil will be moved to market by shuttle tankers, and the gas by pipeline.

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