Three60 Energy to Provide Duty Holder Services for FPSO Intrepid

February 2, 2021

World Energy Reports LLC.
Intrepid FPSO.jpg

Three60 Energy, a UK-based energy services company, will be providing Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines, in what this the company first such contract outside of the UK.

Under the contract, Three60 Energy will carry out operations and maintenance (O&M) duties on behalf of the Galoc Joint Venture (JV), with the objective of improving performance and extending the field’s economic life.

As well as providing ongoing O&M services, the team will also support integrity, engineering, procurement, construction, and decommissioning activities for the project, which marks the first Duty Holder O&M services award for THREE60 Energy outside the UK North Sea, the company said.

"The award will lead to the creation of 15 jobs across the UK, Philippines, and Malaysia, all part of Three60 Energy’s plans to add 50 new staff members to its team globally over the next 12 months, in response to growing demand for its services," the company added.

Walter Thain, CEO of THREE60 Energy, said: “To have been selected to operate and maintain the FPSO Intrepid, our first international Duty Holder O&M services award, is a really important strategic milestone for the business.

“As well as providing important recognition of our growing reputation for, and competence in, the provision of O&M services, it also highlights the increasing demand we are seeing for our wider late life asset management capabilities, leadership experience and passion for differentiated, safe delivery – both for ongoing operations and future decommissioning activities. We are looking forward to partnering with the Galoc JV to deliver safe and efficient outcomes within the international market.”

 


Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo