Aibel Thailand cut first steel for topside modules for the T.E.N. FPSO project for MODEC at subcontractor Deeline’s fabrication shop in Rayong. MODEC’s Jeff Knox attended the ceremony on 14 Mar. Aibel Thailand is delivering seven modules with a weight of 9,400 tons to the FPSO. Aibel has also successfully delivered modules in the projects Tupi, Guara and OSX3. Upon completion, the modules will be transported from Aibel’s yard in Laem Chabang to Singapore for integration.
GE is to supply four LM2500+G4 aeroderivative gas turbine generators to MODEC for FPSO Cidade de Caraguatatuba MV-27 which will operate in 2,240m of water serving presalt fields offshore Brazil. The four turbines will run on non-commercial grade “field gas” produced at the FPSO.
MODEC, Technip, Kvaerner, FloaTec and Saipem are said to have expressed interest in participating in the FEED bid for CNOOC two tension-leg platforms (TLP) for its Liuhua 11-1 and Liuhua 16-2 fields in the South China Sea.
Petrobras will accept bids on 26 June from Modec, Teekay, BW and Bumi Armada for a 50,000bpd FPSO to run extended well tests at the giant Libra pre-salt area. Brazilian contractors are asked to team up with them. The Libra FPSO will be contracted for eight years, and is earmarked for delivery in 2016. Another FPSO for the Tartaruga Verde field will be chartered for a 20-year period, and is due to begin output in 2017.
Keppel Nantong Shipyard has been awarded a contract from Sofec for the fabrication of an external turret mooring system for a FPSO destined for the Tullow Oil-operated Tweneboa-Enyenra-Ntomme fields, off Ghana. The fabrication of the turret was expected to be completed in 1Q2015. Modec is building the FPSO while its sister company Sofec is responsible for the mooring system.
Mitsui Engineering & Shipbuilding (MES) is embarking on a fresh marketing drive to target the VLCC-to-FPSO conversion market in a strategic partnership with subsidiary Modec, which has largely operated independently of its parent in the past. Potential for the two pairing up is huge. Modec has listed 20 FPSO projects up for grabs around the world and focused mainly in Angola and Brazil. Modec is also bidding for two FLNG projects in Malaysia and Indonesia.
Modec’sturret mooring subsidiary Sofec is standing by to land at least one of two prestigious turnkey supply contracts linked to FLNG projects in Malaysia. Sofec may already have started provisional work on the turret system for the first FLNG vessel and is slightly ahead of SBM in a keenly-fought competition for the second one. SBM offshore is currently building three enormous turrets. Those $400m or $500m projects were turnkey sale contracts that did not require the company’s own capital.
Mitsui, MOL, and Marubeni will invest in Carioca MV27 BV, a Dutch FPSO owning company established by MODEC, which will proceed with the project jointly. MV27 has signed a 20-year chartering agreement with Petrobras and its partners. The vessel will be deployed in 3Q2016.
Brazilian operator Queiroz Galvao Exploration & Production (QGEP) will invite bids for Atlanta heavy oil FPSO in mid Dec. Modec, SBM, Teekay, BW Offshore and possibly Bumi Armada will be invited. Two bids need to be submitted by Feb/Mar 2014 with oil production capacity of 25,000-30,000 bbl/d and 80,000-100,000 bbl/d, respectively.
PetroVietnam has taken over as operator of the Song Doc oilfield in Block 46-02 after its two JV partners Talisman and Petronas withdrew. Agreement has been signed to continue leasing the field’s FPSO, which is operated by Modec.