Media & News
10th November 2014
Fameline Oil & Gas is pleased to exhibit for the first time in ADIPEC, one of the worlds most prestigious oil and gas exhibitions. You can find us under MOISS Oil Field Service and Supplies in Hall 4, stand 4210. Fameline Oil & Gas, is your trusted partner is the East Mediterranean.
15th September 2014 Fameline Oil and Gas principal, Sevan Marine participates in the 2nd East Mediterranean Oil and Gas Conference
Fameline Oil & Gas is pleased to welcome Mr. Fredrick Major, Chief Business Development manager of Marine to Cyprus.
During his visit to Cyprus, Mr. Major held a session at the 2nd East Med Oil and Gas Conference on the capabilities of Sevan Marine floating units used for drilling, production, accommodation and liquefaction.
Sevan Marine, suggests that its technology and innovative cylindrical hull design can be beneficial for the development of hydrocarbon fields offshore Cyprus. Among other important topics addressed at the conference, Sevan Marine suggested that Cyprus could in two years’ time produce gas from the Aphrodite field using an early production system. For the first stage an FPSO (Floating, Production, Storage and Offloading) would be commissioned above the Aphrodite field and supply gas through a 12inch pipe to Vassilikos power plant. On a later stage, the field can be fully developed via a larger FPSO or FLNG (Floating Liquefied Natural Gas).
The main advantages of the Sevan Marine FLNG solution are:
a. FLNG requires 20% – 30% lower CapEx and OpEx than an onshore LNG export terminal
b. FLNG can be built faster than an onshore LNG export terminal.
c. Given that the FLNG vessel will be commissioned in Aphrodite by 2019-2020, Cyprus will be able to negotiate and secure better and higher LNG prices.
d. Cyprus will be able to export LNG by the end of 2019 or early 2020.
Main benefits of a cylindrical FLNG solution:
a. Stable platform – High regularity
b. Significant CAPEX/ OPEX savings:
I. CAPEX: no turret and swivel
II. OPEX : reduced marine crew/ maintenance (no turret and swivel)
15th May 2014. Fameline Oil & Gas participates at the 2014 Offshore Technology Conference in Houston.
Our Team participated in one of the most prestigious oil and gas conferences in the world. The OTC was once again a landmark of technological excellence and innovation for the oil and gas industry. More than 2700 worldwide companies exhibited products and services and our team had the opportunity to discuss with many of them about the opportunities in the developing Eastern Mediterranean market. Our conclusions deriving from our meetings, allow us to feel confident about the success of potential collaborations between Fameline Oil & Gas and international companies. Fameline Oil & Gas is committed to provide services with proven track record and of high certified standards to the rising oil and gas industry in the Eastern Mediterranean.