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May 2025 – Energy & Engineering Brief
Canadian-based upstream operator Valeura Energy Inc. has confirmed its Final Investment Decision (FID) for the redevelopment of the Wassana oilfield, a key asset in the G10/48 concession area of the Gulf of Thailand. The project marks a strategic return to production, leveraging a new Floating Storage and Offloading unit (FSO) and a five-well drilling campaign expected to begin soon.
Originally developed in 2015, the Wassana oilfield produced light crude via a Mobile Offshore Production Unit (MOPU) paired with an FSO. By 2020, production had halted due to operational challenges and oil price declines. In 2022, Valeura acquired the asset and now plans to revive production, targeting an output of 3,000 to 5,000 barrels per day.
This redevelopment reflects Valeura’s broader expansion strategy across Southeast Asia, particularly within offshore Thailand and Malaysian waters.
Given the demanding offshore conditions — exposure to saltwater, corrosive media, high pressure, and temperature swings — the project is likely to rely heavily on metal clad plates in the fabrication of process equipment such as:
Shell & tube heat exchangers
Pressure vessels
Separation towers and columns
Desalting units and surge drums
Clad plate construction offers superior durability by combining the mechanical strength of carbon or low-alloy steel substrates with the corrosion resistance of high-performance alloys.
|
Base Material |
Cladding Alloy |
Applications |
|
SA516 Gr.70 |
316L Stainless Steel |
Heat exchangers, pressure vessels, columns |
|
SA516 Gr.70 |
Titanium Gr.1 / Gr.2 |
Dehydration towers, seawater contact vessels |
|
SA387 Gr.11 / Gr.22 |
Inconel 625 / Incoloy 825 |
High temp + H₂S/CO₂-rich environments |
|
SA516 Gr.70 |
Monel 400 |
Sour service systems, seawater coolers |
|
SA516 Gr.70 |
Nickel 200 / Alloy 600 series |
Special chemical handling, acid gas treatment |
These combinations are frequently employed by equipment manufacturers serving the offshore, petrochemical, and refining industries.
With Valeura’s redevelopment plan moving ahead, opportunities are emerging for pressure equipment fabricators—especially those certified to ASME Section VIII, PED, or DNV standards and skilled in working with clad plate materials. Suppliers with capabilities in welding nickel alloys, titanium, and stainless overlays will be strategically positioned to support the field’s infrastructure needs.
Your Best Partner for Clad Plate & High Alloys: Fugo Tech
Nanjing Fugo New Material Tech Co., Ltd. (Fugo Tech) is an ISO 9001 and PED 2014/68/EU certified manufacturer specializing in Clad Material (Explosive Clad Plates & Rolled Clad Plate, Clad Bar & Clad Transition Joints) and Titanium, Nickel Alloy, and Stainless Steel products (Pipe/Fitting/Flange/Fastener) which are widely used in the Heat Exchanger, Pressure Vessel, Reactor, Column, Tower, and other process equipment.
Fugo Tech offers different material combinations of Clad Plate (Explosion-welded clad plate/composite plate & Rolled-welded clad plate/composite plate) , and also offers a wide range of materials, including Titanium, Nickel Alloy, Copper, Cu-Ni, and Stainless Steel, along with custom processing services (Tube Sheet drilling, Dish Head forming, and Overlay Welding) for Oil & Gas, Petrochemical, Chemical, Energy, Paper & Pulp, Marine, Shipbuilding, Environment, Metallurgy, and New Energy Vehicles, with a strong focus on high-performance Clad Plate & Titanium & Nickel Alloy & Stainless Steel solutions.
For any new requirement, please contact: sales@fugo-tech.com
Fugo Tech is focused on the manufacturing of clad metal plate and distributes the Stainless Steel, Titanium, Nickel Alloy, Zirconium and other non-ferrous metal pipes, fittings, flanges, and fasteners.
