Lifespan25 Aug 2023 19:33
Good Evening, had a couple of hours of free time tonight, and whilst i have noticed there has been quite a bit of discussion regarding the Montara Asset, and its FPSO, i thought i would do a little further research into this area,
our FPSO ship name "Montara Venture" has been the reason why the Montara asset has not been given the chance to show how good it really is!!!!, imo
The Ship is 33 years old, which is not uncommon in the oil and gas industry, so the question one should be asking is what is the expected lifespan of these types of vessels,
well after a few hours research i have found that 30-50 years is about the normal life span of these types of ships, will of course depend on various factors,
One thing that is noted though is a good Inspection and Maintenance plan is crucial in extending the life of the ship,
with that said, Jadestone i believe got a rude awakening with the first defect that closed the operation down for months,
This second shutdown has caught them of guard, however i now believe the Maintenance team now realize the effects of a shutdown are having on the Company, and they have put plans in place to limit these shutdown periods going forwards,
One thing for certain is there will be more episodes of "timely"!!!! shutdowns going forward , thats a virtual certainty, imo
what i have concluded is the ship is a bit like myself well in its prime, but still has a few years of productivity ahead of it,
if we can get another 10 years service it will have served its purpose in life, a little bit like myself, lol
for myself if we can get through the next 2-3 years without any major repairs being required we will be in a far better position to look at hiring /buying a replacement
Thats all the research i will be doing on this subject, but just thought i would put this out there
Cheers!!!!!