The FPSO Cuulong MV9 is installed in 48 m water depth. First oil was achieved on October 29, 2003, approximately 18 months after contract award. The FPSO is a new-build FPSO with storage capacity of 1,000,000 barrels. Topside facility is provided with 65,000 bopd of oil handling capacity, 35 mmscfd of lift gas system and 82,500 bpd of water ...
The Barossa FPSO is MODEC's largest size of "Gas FPSO" to date, which will be able to export over 600 million standard cubic feet of gas per day as well as store up to 650,000 barrels of condensate for export. It has been designed to withstand a 100-year cyclone event at a water depth of 260 meters and located some 300 kilometers off north …
The four big global lease and operate FPSO companies are considered to be SBM Offshore, Modec, Yinson and BW Offshore.
The FPSO vessel will be permanently moored at a water depth of approximately 780 m by an External Turret mooring system to be supplied by SOFEC, Inc., a MODEC group company. The FPSO will be capable of processing 100,000 barrels of crude oil per day, 130 million standard cubic feet of gas per day, 145,000 barrels of water injection per day and ...
MODEC announces another outstanding milestone for the FPSO Kwame Nkrumah MV21 (Jubilee FPSO) with the official First Oil Ceremony. On November 28, 2010, the FPSO Kwame Nkrumah MV21 achieved commissioning of first oil offshore Ghana. The J-02 well opened at 15:45 hours, GMT. Hydrocarbons reached the topsides in the late …
[World's First Approval from Classification Society for a Drone-based FPSO Hull Thickness Measurement]. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating …
Production. Uncertain future for older FPSOs nearing end of leases, report claims. May 19, 2021. More FPSO leases are set to expire in 2022 than in recent years, …
BW Offshore is targeting four prospects — the redeployment of the BW Opportunity for Turkish Petroleum on an EPCI and O&M basis; a redeployment project for Repsol on a lease and operate basis ...
The FPSO is expected to be on station during the fourth Quarter of 2006. MODEC will lease and operate the FPSO for an initial eight (8) years with an additional four (4) 1-year option periods. The PRA-1 project includes the provision of an FSO capable of receiving up to 630,000 barrels of oil per day and storing around 2,200,000 barrels of oil.
MODEC Inc. ("MODEC") is pleased to announce that it has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda ("Shell") on the Gato do Mato development, offshore Brazil. Gato do Mato FPSO will be moored at a water depth of ...
In 2006, MODEC acquired SOFEC, Inc., a mooring specialist in the United States. SOFEC, founded in Houston in 1972, is a leader in the engineering and construction of Single Point Mooring (SPM) and Spread Mooring solutions, and has delivered more than 100 mooring systems around the world. Respected for its excellent track record, SOFEC provides ...
Tokyo, Jul. 20, 2007. MODEC announced today that BHP Billiton has signed a contract for the supply and operation of an FPSO to be located in Australia's Pyrenees field. The Pyrenees field is located in Permit WA-12-R, in the Exmouth Sub-basin portion of the Carnarvon Basin approximately 45 kilometers northwest of Exmouth, Western Australia.
The FPSO Kwame Nkrumah MV21 is installed in approximately 1,100 meters water depth on the Jubilee field, offshore Ghana. The FPSO is capable of processing more than 120,000 barrels of oil per day, and injecting more than 230,000 barrels of water per day and 160 MMscfd of produced gas. On November 28, 2010, the FPSO Kwame Nkrumah MV21 …
Tokyo, Aug. 26, 2008. MODEC announced today that Petroleo Brasileiro S.A. (Petrobras) has signed a letter of intent for the supply, charter and operations of a Floating Production, Storage and Offloading (FPSO) vessel for the Pilot FPSO on the giant Tupi Area in the Santos Basin. The contract is for a 15 year lease with five one-year options.
The South American FPSO market is on the rise alongside the global FPSO market, which is estimated to reach $20 billion in 2027, based on a report by The Insight Partners. MODEC has been busy with new FPSO deliveries. One of the recent ones was confirmed in August 2023.
BrasFELS Shipyard (BrasFELS), a member of the Singapore-headquartered Seatrium Limited, former Sembcorp Marine Ltd before the merger with Keppel Offshore & Marine Limited, has won a contract with Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a floating …
First oil is scheduled in 2010 and the FPSO is designed to remain on the field for up to 20 years. Kenji Yamada, President & CEO of MODEC, Inc., said, "MODEC is very proud to have been selected by the Jubilee Unit partners and GNPC to provide and operate the Jubilee FPSO, a world class facility on a world class field.
MODEC Adds Gas FPSO to Brazil Operations. Tokyo, Feb. 26, 2008. MODEC announced today that Petróleo Brasileiro S.A. (Petrobras) has signed a letter of intent for the supply, charter and operations of a Floating Production, Storage and Offloading (FPSO) vessel. The contract is a 12 year lease with three one-year options.
FPSO Fluminense. The Bijupirá and Salema oil fields development in the Campos Basin, offshore Brazil was the first full field, turnkey project undertaken by MODEC. MODEC executed the project for Shell under one single-point responsibility. The contract included the conversion of a ULCC tanker to an FPSO which is capable of processing 81,000 ...
The OSX-3 FPSO is utilized within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields. The FPSO is moored in approximately 110 meters water depth, have a storage capacity of 1.3 million barrels, be capable of processing 100,000 BOPD of heavy oil from the Campos Basin reservoir, generate approximately 60 MW of power, …
In May 2023, MODEC, a Japanese FPSO supplier, secured a contract from Equinor to supply an FPSO vessel for the BM-C-33 block in the Campos Basin offshore Brazil. In …
MODEC receives award for EPCI, Charter and Operation of FPSO. Tokyo, May 11, 2007. MODEC announced today the signing of contract with Truong Son Joint Operating Company (TSJOC) for the charter and operation of an FPSO to be located in Vietnam's Song Doc field. The Song Doc field is located in Block 46/02, approximately …
MODEC, Inc. is pleased to announce it has been awarded a Frame Agreement from BP for the supply of an FPSO under an EPCI contract for the PSVM (Plutão, Saturno, Vênus and Marte) Development in Block 31 offshore Angola. The FPSO will have production capacity of 157,000 barrels per day and first oil from the …
Total investor demand for the issue was approximately 2-times the issue amount of the $1.1 billion project bond. The strong reception for the bond in the international market highlights MODEC's highly praised asset management capabilities as well as operations and maintenance for FPSOs. MODEC is currently carrying out 11 FPSO …
The top three contractors in the leasing market are SBM Offshore NV, BW Offshore Ltd., and MODEC International LLC (Fig. 1). Collectively, these contractors …
It is capable of processing 70,000 barrels of oil per day, 75 million cubic feet of natural gas, and 100,000 bpd of water injection. The facilities are designed and installed for ease of future in-situ expansion of topsides capacity. The Baobab FPSO came online in August 2005. MODEC operates the FPSO. Unit Name. FPSO Baobab Ivoirien MV10. Field.
MODEC, Inc. has been converting an existing VLCC (Very Large Crude Carrier) tanker into an FPSO under the ownership of MV22 for charter to Petrobras. The …
The top three contractors in the leasing market are SBM Offshore NV, BW Offshore Ltd., and MODEC International LLC (Fig. 1). … July 31, 2020. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on July 30, a loan agreement in project financing *1 amounting …
The FPSO Market is expected to reach USD 12.04 billion in 2024 and grow at a CAGR of 8.5% to reach USD 18.11 billion by 2029. CNOOC Ltd., Petroleo Brasileiro SA (Petrobras), Shell Plc., Exxon Mobil Corp and TotalEnergies SE are the major companies operating in …
SOFEC, Inc., a MODEC group company, designed and provided the spread mooring system of the FPSO. This is the 14th FPSO/FSO vessel that MODEC has de livered to the Brazilian oil & gas sector, as well as MODEC's 7th FPSO in the "pre-salt" region. The FPSO Guanabara MV31 is designed to reinject of the processed gas …
This is the fifth vessel MODEC provides and operates in Brazil. It is the first FPSO that processes more gas than oil. The FPSO is installed in 1,300 m in water depth approximately 160 km from Rio de Janeiro city. The contract is a 12 year lease with 3 one-year extension options. Unit Name. FPSO Cidade de Santos MV20. Field. Urugua/Tambau field.
The FPSO Carioca MV30 is deployed for operations in the Sépia field operated by Petróleo Brasileiro S.A. (Petrobras), located in the giant "pre-salt" region of the Santos Basin some 200 kilometers off the coast of Rio …
Tokyo, Jul. 27, 2010. MODEC, Inc. announced today that as part of the lease financing for the Jubilee FPSO, under the Representations and Warranties provisions, MODEC has disclosed to the other potential equity partners in Jubilee Ghana MV21 B.V., a special purpose company incorporated in the Netherlands and the lending banks all of the ...
The FPSO vessel will be permanently moored at a water depth of approximately 2,050 meters by a spread mooring system to be supplied by MODEC group company, SOFEC, Inc. The FPSO will be one of the …
salt" following the FPSO Cidade de Angra dos Reis MV22, the FPSO Cidade de São Paulo MV23, the FPSO Cidade de Mangaratiba MV24, the FPSO Cidade de Itaguaí MV26, the FPSO Cidade de Caraguatatuba MV27 and the FPSO Carioca MV30 of which MODEC has been awarded a contract for supply, charter, and operations by …
The FPSO Cidade de Angra dos Reis MV22 is currently under construction and scheduled to be installed in the fourth quarter of 2010. "This is our second vessel for Petrobras in the pre-salt discoveries and we hope to participate with Petrobras in future production units for this exciting area," said Nobuhiro Yaji, President and Co- CEO of …
Tokyo, Dec. 27, 2023. PDF [289.3 KB] MODEC, Inc. ("MODEC") announces that FPSO Léopold Sédar Senghor has departed Singapore and commenced its voyage towards Senegal on December 22. The FPSO will be acquired by Woodside Energy (Senegal) B.V. as operator of the Sangomar Field Development Phase 1. The FPSO will be deployed …
This is the 11th vessel (FPSO/FSO) MODEC has delivered to the Brazilian oil & gas sector and represents the 5th MODEC FPSO delivered to the "pre-salt" region. MODEC owns the FPSO and provides the operation and …
Tokyo, Jul. 22, 2011. MODEC, Inc. (MODEC) announced today that OSX 3 Leasing B.V. has signed an EPCI contract for the supply of the OSX-3 FPSO, a Floating, Production, Storage, and Offloading (FPSO) unit to be utilized within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields.