Tag Archives: MODEC

MODEC revealed to be lowest bid for Petrobras Tartaruga FPSO

Modec-Schahin consortium has submitted the lowest bid to supply Petrobras with an FPSO for the Tartaruga Verde and Tartaruga Mestica light oil complex, offering a dayrate of $779,298. The second-placed bid, a dayrate of $1.008m, was placed by UTC Engenharia and Bumi Armada. OOG and Teekay declined to bid, having already submitted the best offer for the Libra EWT FPSO.

via Upstreamonline

FEED contest near to close for Abadi FLNG

Two groups are about to submit FEED study to Inpex for the Abadi FLNG project offshore Indonesia. The two groups are JGC, Technip, MODEC and Samsung Heavy Industries versus Saipem, Chiyoda, SBM, Hyundai Heavy Industries, Rekayasa Industri and Tripatra.

via Upstreamonline

New FSRU mooring now operational

The PGN FSRU Lampung offshore Indonesia commenced operation along with a new tower yoke mooring system that is a first in the FSRU world. Designed by MODEC subsidiary SOFEC and built by Penglai Jutal Offshore Engineering in China, it costs about $100m and is designed to withstand earthquakes.

via Maritime Executive

Market surprised with almost-tied FPSO tender

OOG-Teekay consortium edges out rivals by small margin of $123 per day in the recent Libra EWT FPSO tender. The market was surprised with all prices being so close to each other, which could have set a tender precedent to be qualified as tie.

via Upstreamonline

Three bids for Tartaruga FPSO

Modec, Bumi Armada and Teekay together with their local partners all submitted both technical and commercial offers to build and supply Petrobras with a 150,000 bpd FPSO for the Tartaruga complex. The Petrobras bidding committee will now analyse all technical bids to qualify the offers before it officially opens the commercial envelopes and reveals the prices. Commercial offers are not expected to be revealed for at least a fortnight or maybe even a month from now.

via Upstreamonline

Eni weighs up FLNG proposals in Mozambique

Eni has started to evaluate initial proposals from contractor groups vying to provide an FLNG in Mozambique’s deepwater Rovuma basin. Daewoo has teamed up with KBR, Samsung has joined forces with Technip and JGC, Hyundai has thrown its lot in with Chiyoda and Saipem. CB&I was rumoured to have pulled out of a Japanese consortium of IHI/MODEC/Toyo and linked up with China’s Hudong.

via Upstreamonline

Modec moves into pole to land deal for Eni’s FPSO

Modec is expected to beat Bumi Armada and Yinson to land a major order from Italy’s Eni for its Sankofa-Gye Nyame FPSO off Ghana, which is forecast to produce 160 MMscfd of gas and 50,000 bpd of crude at peak. The operator aims to fast-track Sankofa-Gye Nyame towards producing first oil in late 2016, with gas flowing one year later. It would mark the third consecutive FPSO contract MODEC secures and its 100% dominance in the Ghana’s floater market.

via Upstreamonline