ORLEN Petrobaltic cuts costs by 969,000 PLN in 2024 through improved offshore oil logistics and streamlined STS operations.
Efficient Oil Transfer Operations
ORLEN Petrobaltic’s enhanced logistics strategy for offshore oil extraction has led to significant savings. By optimizing Ship-To-Ship (STS) transfer operations between the B3 and B8 oil fields, the company reduced expenses by nearly 1 million PLN in 2024.
STS transfers, in use since 2014, eliminate the need to halt production during oil transfers to shore. Previously, disconnecting and transporting oil tankers caused up to two-day production delays. Now, STS ensures uninterrupted extraction while maintaining efficiency.
Coordination and Cost Savings
Successful STS operations depend on favorable weather, precise timing, and seamless coordination between platforms, tankers, and Naftoport. Consolidating oil from two storage tankers under one external tanker contract reduces costs by avoiding double mobilization fees.
Collaboration across ORLEN Petrobaltic, Technical Ship Management, and the oil trading division ensures smooth scheduling. This joint effort optimizes resources while maintaining high performance, highlighting the importance of teamwork in reducing operational expenses.
Through these measures, ORLEN Petrobaltic demonstrates how strategic logistics can achieve cost-effective, sustainable operations in challenging offshore environments.