Italian company Premuda said it has identified the reason for mechanical failures on board its floating production, storage and offloading vessel at Eni's Woollybutt oilfield off Western Australia.
Premuda said the failure of safety valves on board the FPSO Four Vanguard was "caused by materials (that) originated from the wells and, therefore, the existing damages and possible future erosion risks are currently been evaluated". The FPSO was banned from producing earlier this month by Australia's petroleum safety authority due to safety concerns. It was already shut down when the prohibition notice was issued to Premuda subsidiary Australian FPSO Management. Premuda said all parties are "working together to ensure that the production operations of the FPSO will be restored in full compliance with all requirements" of the safety regulator. The FPSO has been problematic all of this year. Various mechanical faults have kept it shut down for all but eight days in 2008. The Woollybutt field sits in Block WA-25-L where the partners are operator Eni (65%), ExxonMobil (20%) and Tap (15%).
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