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MODEC wins FPSO contract for Ghana’s TEN oil project

  • SOURCE: | qwesa2big
  • fpsoJapan’s MODEC is to supply the second Floating Production, Storage and Offloading (FPSO) vessel for Ghana’s next big oil project known as TEN.

    MODEC announced August 5, 2013 that Tullow Ghana has awarded it contracts for the supply, charter and lease, operations and maintenance of a Floating Production, Storage and Offloading (FPSO) vessel for the Tweneboa, Enyenra, and Ntomme (“TEN”) fields in the Deepwater Tano contract area offshore Ghana.

    This is the second vessel MODEC will provide and operate in Ghana following the FPSO Kwame Nkrumah MV21 for the Jubilee Field development, which was awarded in 2008.

    In a statement, MODEC said its Houston-based SOFEC will design and provide the mooring system, and “MODEC will convert the VLCC Centennial J into an FPSO”.

    It adds, “MODEC is responsible for the engineering, procurement, construction, mobilization and operation of the FPSO, including topsides processing equipment as well as hull and marine systems.”

    According to MODEC, the new FPSO which is scheduled for delivery by 2016, will be “capable of handling expected plateau production of 80,000 barrels of oil per day, 170 MM standard cubic feet of gas per day and has storage of 1,700,000 barrels of total fluids”.

    After completion, the vessel is expected to be installed in the TEN field and MODEC says it is designed to remain operational in the field for up to 20 years.

    Toshiro Miyazaki, President and CEO of MODEC said “MODEC is very proud to have been selected by the TEN field partners and GNPC to provide and operate the FPSO for TEN.”

    The Deepwater Tano contract area is held by Tullow (47.175%) as Operator, Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings Ltd, a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).

    Source: Ghana Business News

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