Anasuria Operating Company: Celebrating Two Years of Achievements

10th June 2024

Anasuria Operating Company: Celebrating Two Years of Achievements

Today, 10th June 2024, Anasuria Operating Company (AOC) marks its second anniversary as the duty holder of the Anasuria FPSO. Reflecting on the past two years, we take immense pride in our accomplishments and the transformative journey we have embarked on together. This year has been particularly remarkable, showcasing our commitment to excellence, safety, and innovation in the North Sea.

Operational Success

Over the past year, we have reached new heights in operational efficiency and environmental responsibility. We are proud to announce that we achieved our highest ever annual production efficiency at 91.56% and operating efficiency at 96.11% for the period from January to December 2023. These milestones can only be achieved with the continuous hard work and dedication of our exceptional team, who continuously strive to enhance our performance and ensure the reliability of our operations. This has been achieved by maintaining our operating costs at similar levels to those in 2018, instilling a culture of  continuous improvement, and removing significant waste from our business.

Environmental Stewardship

In line with our commitment to reducing our environmental footprint, at the end of 2023, AOC had reduced CO2  emissions from the Anasuria FPSO by approximately 40% over the last five years. This significant achievement is a result of our ongoing efforts to optimise plant operations and improve our monitoring and management systems. By implementing advanced technologies and rigorous environmental practices, we are not only meeting but exceeding our sustainability goals, ensuring a greener future for our industry and community.

Project Developments

One of the key highlights of the past year is the tie back options which are being progressed to the Anasuria FPSO.  With top quartile uptime and low operating costs achieved over multiple years, Anasuria continues to be an attractive host.

Enhancing Asset Integrity

We successfully completed a comprehensive mooring chains changeout campaign, a critical component of our asset life extension programme aimed at extending the operating life of our FPSO. This campaign was completed safely, and ahead of budget and schedule, confirming our commitment to maintaining the highest standards of asset integrity and operational safety. The completion of this project is a significant step towards extending the operational life of the Anasuria FPSO beyond 2035.

Technological Innovations

In collaboration with industry standards, we have revolutionised remote visual inspection by utilising  innovative remote desktop inspection workflow and vision software. We have successfully executed a visual inspection campaign using point cloud data and photographs. This has led to increased efficiency in data capture, reduced offshore resource requirements, and optimised data quality, ultimately reducing downtime and boosting productivity.

Process Safety Leadership

Process safety leadership has been a cornerstone of our operations. This year, we invested in our people through three separate visits to the DNV Spadeadam major accident hazard training centre, with over 25 attendees at each course. These training sessions provid a perfect blend of classroom discussions and practical demonstrations, fostering a deeper understanding of safety protocols and risk management. A highlight was an impactful presentation by Steve Rae, who shared his firsthand experiences from the Piper Alpha disaster, reinforcing the critical importance of process safety in our operations.

Additionally, we actively participated in OEUK events on process safety leadership, sharing our approach and learning from other industry operators. Our CEO, Richard Beattie, featured in OEUK’s winter edition magazine, discussing AOC’s proactive approach to process safety leadership and the significant progress we have made since taking on the role of duty holder for the Anasuria FPSO in 2022. We have also developed the AOC Process Safety Improvement Plan, emphasising the principles of leading, understanding, managing, and assuring safety in all our operations.

Looking Ahead

As we celebrate two years as the duty holder of the Anasuria FPSO, we look forward to continuing our journey of excellence. We are excited about the future opportunities and challenges that lie ahead, confident that our commitment to safety, operational excellence, and environmental stewardship will lead us to even greater success.

Richard Beattie, CEO of Anasuria Operating Company, said:

“This past year has been one of remarkable achievements and transformative progress. Our team’s dedication and resilience have been pivotal in reaching new heights in operational performance and safety. As we look ahead, we remain committed to safely driving growth, fostering innovation, and ensuring the longevity of our business. The future holds exciting possibilities, and we are eager to continue this journey with our exceptional team and valued partners.”

We thank our employees, shareholders, and partners for their continued support and dedication. Together, we are shaping a brighter future for Anasuria FPSO and AOC as a whole.