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The OSX-3 FPSO is located within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields in 110m water depth. The turret is designed for a combination of 17 risers and 9 umbilicals. The SOFEC turret system is ABS classed. SOFEC designed, constructed and supplied an external cantilevered bow turret system for a 357,000 dwt FPSO vessel. FPSO Espirito Santo New Build 2009 Shell BC-10 Brazil - FPSO Aseng New Build 2011 Noble Energy Aseng Equatorial Guinea-FPSO OSX 2 New Build 2011 (CA) On lay up OSX Designed for Waimea Brazil - FPSO Skarv New Build 2012 BP Skarv Norway - FPSO Glen Lyon New Build 2017 BP Quad 204 UK - FPSO Johan Castberg New Build 2017 (CA) Statoil Johan Castberg. Water Injection - Pigging Pumps - Trolley Loading. Power Generation & WHR (Starboard) Power Generation & WHR (Portside) Local Equipment Room. Seawater Treatment. Crude Coalescers - Heating Medium Pump. Flash Gas Compressor. Please make a selection to search: Location Detail Parameters. Business Group:.
Scope of Work
SOFEC designed, constructed and supplied an external cantilevered bow turret system for a 357,000 dwt FPSO vessel. The OSX-3 FPSO is located within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields in 110m water depth.
The turret is designed for a combination of 17 risers and 9 umbilicals.
The SOFEC turret system is ABS classed.
SOFEC designed, constructed and supplied an external cantilevered bow turret system for a 357,000 dwt FPSO vessel. The OSX-3 FPSO is located within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields in 110m water depth.
The turret is designed for a combination of 17 risers and 9 umbilicals.
The SOFEC turret system is ABS classed.
General Description
Client Name: | OSX 3 Leasing B.V. |
Contract Award: | June 2011 |
Installation Date: | November 2013 |
First Oil: | December 2013 |
Vessel Size: | 304,622 dwt |
Storage Capacity: | 1,317,890 bbls |
Water Depth: | 110m (361ft) |
Fabrication: | Turret - Malayisa Vessel - Singapore Topsides - Singapore |
Design Environmental Criteria
100-year storm
Sig. Wave Height: | 8.27m (27ft) |
Wind Velocity: | 23.3m/s (45.3 kts) |
Current: | 1.5m/s (2.9 kts) |
Mooring System
12-leg (3×4) all chain mooring
120mm chain R35/R4
Anchor Piles
This SOFEC external turret mooring system is record-breaking in size and provides safe and reliable means of mooring the FPSO on station in the Waikiki Pero Inga fields for the entire service life of the FPSO, in all sea state conditions. The riser system must remain undamaged in the 100-year storm.
The SPM system is an external, bow-mounted cantilevered turret designed to allow free weathervaning of the FPSO about the mooring system. In the offloading condition, the mooring system shall, in addition to withstanding loads from the 304,622 dwt FPSO, be capable of withstanding loads imparted by a Suezmax shuttle tanker moored in tandem off the stern of the FPSO.
Fluid Swivel Assembly
Produciton: | 2 x 8-in. three outlet toroids (740 psi design) |
Test /Service / Depressurization: | 1 x 8-in. two outlet toroids (6,170 psi design D.P.) |
Water Injection: | 1 x 8-in. two outlet toroids (6,170 psi design D.P.) |
Gas Injection: | 1 x 6-in. one outlet toroid (6,170 psi design D.P.) |
Gas Lift: | 1 x 6-in. one outlet toroid (6,170 psi design D.P.) |
Hydraulic & Chemical Injection Swivel: | 25 paths (5,000 psi design) |
Low Voltage Electrical Optical Swivel: | 203 electrical paths plus 31 fiber paths |
Medium Voltage Swivel: | 28 paths (15kV & 8kV) |
Riser System
1 x 9.13-in. Flexible Riser (Gas Export)
2 x 6-in. Flexible Riser (Production & Test)
2 x 8-in. Flexible Riser (Water Injection)
2 x 6-in. Flexible Riser (Production)
2 x 8-in. Flexible Riser (Production)
4 x 4-in. Flexible Riser (Service)
2 x 6-in. Flexible Riser (Gas Injection)
2 x 6-in. Flexible Riser (Gas Lift)
9 Umbilicals
FPSO OSX-3 pictured during its May 2013 naming ceremony in Singapore. Photo credit: OSX
https://treasuremilehellcasinouvnobonuscasino2017deposit.peatix.com. Editor’s Note: The Brazilian appeals court decision referred to below involves the FPSO OSX 3. The Court has based its decision on the grounds that Liberia is not a party to the Bustamante Code or to the International Convention for the Unification of Certain Rules of Law Relating to Maritime Liens and Mortgages (1926). The Court seems to reject commonly accepted international transportation custom of recognition of a preferred mortgage recorded with the vessel’s flag state by foreign courts and rules contrary to long-standing and well-accepted international case law.
The Bustamante Code, a treaty meant for the unification of rules on private international law in the Americas, had never received widespread support. Major ship registries in the Americas such as Antigua & Barbuda, Bahamas, Mexico and the U.S. are not parties to the Code.
Similarly, the 1926 Convention also failed to attract support by numerous other major international registries and national flag states such as Marshall Islands, Bahamas, Malta, Singapore, Norway, Greece and Germany.
The ramifications of this decision seem to be widespread and affect several stakeholders based on the above, although the decision appears to target “stationary” units and not vessels engaged in regular transit.
By Guillermo Parra-Bernal and Tatiana Bautzer
SAO PAULO, June 1 (Reuters) – A Brazilian appeals court has ruled that a Liberian mortgage is invalid for a Brazilian-owned oil production ship, sources with direct knowledge of the matter said on Wednesday, casting further doubt over the future of secured lending for such vessels in the world’s largest deepwater market.
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The court in São Paulo upheld a February ruling voiding the use of a $500 million mortgage registered in Liberia for the OSX3 floating production, storage and offloading vessel, or FPSO, owned by a unit of OSX Brasil SA, said the sources, who requested anonymity since the decision has not been made public.
A spokeswoman for the court declined to confirm the ruling before it is published.
OSX Brasil, the shipbuilding arm of former billionaire Eike Batista’s mining, energy and logistics empire, has been under bankruptcy protection in Brazil for three years. The FPSO is owned by OSX3 Leasing BV unit, which is also under creditor protection in the Netherlands.
Wednesday’s ruling favors investment bank Grupo BTG Pactual SA in an effort to obtain immediate repayment on a $28 million loan from OSX3. Bondholders in OSX3, represented by Nordic Trustee ASA, had asked the court to reverse the earlier ruling, which broke their right to claim repayment first if OSX3 declared bankruptcy.
BTG Pactual also has a lien on the FPSO.
The case underscores the extent to which loopholes in Brazil’s bankruptcy protection laws and their interpretation by courts could stall secured lending for offshore oil vessels, complicating development of Brazil’s deepwater fields.
According to London-based law firm Norton Rose Fulbright LLP, the lower court’s ruling was affecting ongoing and future projects and financing deals, putting borrowers at risk of breaching credit terms. Lenders were ordering foreign-flagged ships operating in Brazil to reflag in countries that are signatories of the treaty, such as Panama.
“This has become a big issue for banks, since they thought they would be given priority in the line of repayment under the contractual structures in place,” said Andrew Haynes, partner at Norton Rose’s Rio de Janeiro office. He has no involvement in the case.
According to São Paulo-based law firm Souza Cescon Advogados, the appeals court’s failure to reverse the earlier decision will keep creating uncertainty among owners, creditors and operators of Liberian ships in Brazil.
Lawyers for Nordic Trustee are considering filing a lawsuit at Brazil’s Supreme Justice Tribunal, the top appeals court, said one of the sources. Felsberg Advogados, a law firm representing Nordic, declined to comment.
São Paulo-based BTG Pactual and law firm Tepedino, Migliori & Berezowski Advogados declined to comment.
PRECEDENCE
FPSOs are oil tankers converted to collect and process oil from deepwater fields and then unload it to other tankers that ship the output to shore. Apart from OSX3, other Liberian-registered FPSOs in Brazil include FPSO Polvo, FPSO Marlim Sul and FPSO Cidade de Mangaratiba, Thomson Reuters data showed.
International law would normally give precedence to the mortgage holders in bankruptcy proceedings. In this case, the mortgage was given as collateral to OSX bondholders.
A court-appointed administrator in the Netherlands has warned BTG Pactual that it could be held liable for the lien on OSX3 should it seek repayment before other creditors.
BTG Pactual had said the mortgage contract was invalid because there are no links between the ship and Liberia, where it is flagged. Liberia is not a member of a 1926 global treaty on ship mortgages. Nordic Trustee alleged that none of the 142 Liberian-flagged ships that operate in Brazilian waters have locally registered mortgages.
Ship owners “flag,” or register, their vessels in countries such as Liberia and Panama to avoid regulations, taxes and obligations that come with owning a ship in larger countries such as Brazil or the United States.
A year ago, a São Paulo court ordered the OSX3 FPSO be sold to repay creditors after BTG Pactual won an injunction. However, bondholders challenged the order, saying they had priority over BTG Pactual because OSX Leasing gave the mortgage as collateral.
Nordic Trustee’s lawyers said the prior rulings declaring Liberian mortgages void in Brazil could have a ripple effect within the industry, noting in one of the documents that “the court is ignoring widely followed principles of maritime law.” (Additional reporting by Jeb Blount in Rio de Janeiro; Edited by Daniel Flynn and Matthew Lewis)
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(c) Copyright Thomson Reuters 2016.
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