HHI wins Indonesian subsea pipeline project

2005 ◽  
Vol 2005 (9) ◽  
pp. 3
Keyword(s):  
Subsea Pipeline ◽  
Pipeline Project

The Ichthys LNG Project: big, bold and beautiful

2013 ◽  
Vol 53 (2) ◽  
pp. 430
Author(s):  
Antoine Serceau
Keyword(s):  
Joint Venture ◽  
Oil And Gas ◽  
Capital Expenditure ◽  
Investment Decision ◽  
Weather Conditions ◽  
Subsea Pipeline ◽  
Central Processing ◽  
Pipeline Project ◽  
Construction Activity ◽  
New Construction

The Ichthys LNG Project is one of the most complex oil and gas developments attempted. It is three mega-projects in one: an onshore project, an offshore project, and a pipeline project. The onshore project is being developed in Darwin and involves two processing trains rated to produce a total of 8.4 million tonnes of LNG per year. Offshore, the central processing facility (CPF) will feature the world's largest semi-submersible platform. A substantial floating, production storage and offtake (FPSO) vessel, designed to hold more than one million barrels of condensate, will be stationed nearby. Both the CPF and FPSO will be permanently moored in an area notorious for cyclonic weather conditions and will be designed to withstand even the most extreme weather conditions for more than four decades. An 889 km subsea pipeline will link the Ichthys Field, 200 km off the Western Australian coast, to the onshore facilities in Darwin. This represents the longest subsea pipeline in the southern hemisphere and fifth longest in the world. A final investment decision for the project was announced in January 2012. This triggered intense construction activity and created hundreds of new construction jobs in Darwin and more globally. More than 4,000 direct jobs will be created at the peak of construction. An approved capital expenditure of $US34 billion by INPEX and the Ichthys Project joint venture participants shows a tremendous commitment to Australia. Since the discovery of the gas-condensate field in 2000, the Ichthys road has been one of identifying and overcoming geographical, political, technical, physical, financial, and commercial challenges. The Ichthys Project is a global effort, drawing on worldwide expertise to overcome these challenges and work towards first gas in late 2016.

Design Adequacy for Change in Pipeline Service: A Case Study

2021 ◽  
Author(s):  
Abhinav Gupta ◽  
Tribhuwan Tyagi
Keyword(s):  
Complex Network ◽  
Wall Thickness ◽  
Sea Water ◽  
Pipe Wall ◽  
Design Parameters ◽  
Pipe Wall Thickness ◽  
Subsea Pipeline ◽  
Physical Chemical ◽  
Pipeline Project

Abstract Pipelines have proven to be the most reliable and efficient means of transportation of hydrocarbons. Different fluids from numerous sources have different physical, chemical and operational properties, thereby separate pipelines were laid for most of the fluids. However, laying of new pipelines is becoming more and more challenging with vast and complex network of existing pipelines and topographies being faced in both onshore as well as offshore. Moreover considering the huge laying costs and risks of damaging the delicate balance of flora and fauna by entering the unchartered territories, a point does arise to optimally utilize already existing massive pipeline infrastructure. In this technical paper a method has been formulated to achieve such a cause. A case study from an existing subsea pipeline project of M/s ADOC (Japan) has been presented. Existing 8 inch subsea pipeline of M/s ADOC (Japan) from Hail Site Terminal (HST) to Mubarraz Island in UAE was originally designed for gas service. However, the client intended to use the same for treated sea water service. A thorough design adequacy check was performed to convert the existing subsea gas pipeline into a liquid pipeline. In such a case it is mandatory to check the adequacy of the pipeline for the intended service and design parameters which includes checking for suitability of already selected pipe wall thickness, on-bottom stability and free spans under the action of hydrostatic and hydrodynamic forces. The methodology adopted for this project can be generalized in order to create a framework to establish a basis to use an existing pipeline for different services.

THE PIPELINE PROJECT

2020 ◽  
Vol 182 ◽  
pp. 57-74
Author(s):  
Kevin Loring ◽  
Quelemia Sparrow ◽  
Sebastien Archibald
Keyword(s):  
Pipeline Project

Construction material supply risk management using Asian option contracts: the case of a pipeline project

2020 ◽  
Vol 27 (10) ◽  
pp. 3395-3414
Author(s):  
Mohammad Vahdatmanesh ◽  
Afshin Firouzi
Keyword(s):  
Risk Management ◽  
Scenario Analysis ◽  
Price Risk ◽  
Asian Option ◽  
Steel Pipeline ◽  
Content Type ◽  
Price Fluctuations ◽  
Option Contracts ◽  
Pipeline Project ◽  
Total Price

PurposeSteel price uncertainty exposes pipeline projects that are inherently capital intensive to the risk of cost overruns. The current study proposes a hedging methodology for tackling steel pipeline price risk by deploying Asian option contracts that address the shortcomings of current risk mitigation strategies.Design/methodology/approachA stepwise methodology is introduced, which uses a closed-form formula as an Asian option valuation method for calculating this total expenditure. The scenario analysis of three price trends examines whether or not the approach is beneficial to users. The sensitivity analysis then has been conducted using the financial option Greeks to assess the effects of changes in volatility in the total price of the option contracts. The total price of the Asian options was then compared with those of the European and American options.FindingsThe results demonstrate that the Asian option expenditure was about 1.87% of the total cost of the case study project. The scenario analysis revealed that, except for when the price followed a continuous downward pattern, the use of this type of financial instrument is a practical approach for steel pipeline price risk management.Practical implicationsThis approach is founded on a well-established financial options theory and elucidates how pipeline project participants can deploy Asian option contracts to safeguard against steel price fluctuations in practice.Originality/valueAlthough the literature exists about the theory and application of financial derivative instruments for risk management in other sectors, their application to the construction industry is infrequent. In the proposed methodology, all participants involved in fixed price pipeline projects readily surmount the risk of exposure to material price fluctuations.

Subsea Pipeline Crossings in the Cantarell Field, Bay of Campeche, Mexico

1999 ◽  
Author(s):  
C.M. Diri ◽  
A.P. Speirs ◽  
T.C. Khoury ◽  
R.H. Reichard ◽  
P.R. Laskar
Keyword(s):  
Subsea Pipeline
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