FPSO Carioca MV30 | Projects | MODEC
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 …
MODEC awarded Charter and Operation services …
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 …
MODEC's Uaru FPSO Project for offshore Guyana proceeds …
The Uaru FPSO is named 'Errea Wittu', which means 'abundance', and will be the fifth offshore FPSO in Guyana. The FPSO will combine the development of the Snoek, Mako and Uaru resources in the Stabroek block. It will be deployed approximately 200 kilometers offshore Guyana, at a water depth of 1690 meters, using a SOFEC …
Major FPSO company says not enough competitors for big …
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 ...
Issuance of Project Bond for FPSO Charter Project | News 2019
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 …
FPSO Fluminense | Projects | MODEC
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 ...
Major FPSO company says not enough competitors for big …
The four big global lease and operate FPSO companies are considered to be SBM Offshore, Modec, Yinson and BW Offshore.
FPSO Market
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 …
World's First Approval from Classification Society for a Drone …
[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 …
FPSO Baobab Ivoirien MV10 | Projects | MODEC
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.
FPSO Cidade de Caraguatatuba MV27 | Projects
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 …
Uncertain future for older FPSOs nearing end of leases
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, …
MODEC to supply FPSO for BP's Angola Block 31
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 …
MODEC Announces Monumental Achievement for the FPSO …
This accomplishment, along with the continued operational success of MODEC's four existing FPSOs/FSOs leased to Petrobras, demonstrates the level of …
MODEC Awarded Contract of FPSO for SNE Field offshore …
The FPSO will be designed to produce around 100,000 barrels of crude oil per day, with the first oil production targeted in 2022. The FPSO will be moored in water depth of approximately 800 meters. In recent years, numerous offshore oil fields have been discovered in West Africa, and MODEC considers this as one of its most important core …
MODEC secures FEED for Shell's Gato do Mato FPSO project …
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 ...
MODEC Awarded Contract to Supply FPSO for Barossa Field …
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 …
MODEC Announces Successful First Oil for FPSO Kwame …
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 …
OSX-3 FPSO | Projects | MODEC
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, …
FPSO Léopold Sédar Senghor | Projects | MODEC
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 Awarded Contract by Equinor to Supply the 2nd FPSO …
The FPSO delivery is expected in 2027. MODEC will be responsible for the design and construction of the FPSO, including topsides processing equipment and hull marine systems. The FPSO will have topsides designed to produce approximately 125,000 barrels of crude oil per day as well as produce and export approximately 565 million …
The Schahin Group and MODEC, Inc. Land Guara FPSO for …
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 …
FPSO/FSO | Floating Production Systems | FPSO Business
FPSO/FSO. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including …
Petrobras Selects MODEC for the Supply and Operation of an FPSO …
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.
An overview of the FPS leasing market: Growth and changes
The top three contractors in the leasing market are SBM Offshore NV, BW Offshore Ltd., and MODEC International LLC (Fig. 1). Collectively, these contractors …
MODEC sets out to fortify FPSO business while embracing …
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.
Mooring System | FPSO | Business | MODEC
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 ...
MODEC Secures Award for the First FPSO Offshore Ghana
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.
FPSO Market Trends
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 …
Market Report: Fpsos ... Charting The Path Ahead
Counting both owned and leased units, Petrobras has 49 FPSOs under its control—22% of the FPSO inventory. Other major field operators utilizing FPSOs are …