Tag Archives: MODEC

Five in the fray for Madura FPU

Five companies are left in the race to supply an FPU for the MDA and MBH project operated by Husky Energy and China National Offshore Oil Corporation (CNOOC) on the Madura Strait production sharing contract off Indonesia. The companies are Malaysian trio Yinson, Bumi Armada and SapuraKencana, Japan’s MODEC and EMAS of Singapore. It is understood the contractors have submitted technical bids, and commercial bids will follow.

via Upstreamonline.com

Four groups in race for Equus platform off WA

At least four heavyweight groups of contractors are chasing the prized job of building a large semi-submersible production platform for Hess’ Equus deep-water gas project off Western Australia. However, there are also market watchers who believe that Hess is still not certain about the commercial viability of Equus, and is seeking big cost reductions from contractors.

via Upstreamonline

PTSC to build Vietnam’s first TLP for the Ca Rong Do project

Vietnam’s first TLP for Talisman’s Ca Rong Do project will be built at PTSC’s Vung Tau yard, with the hull weighing in at about 5,000 tonnes and the topsides deck somewhat less. MODEC and Floatec are among those vying for the contract, expected to be awarded in 3Q2015.

via Upstreamonline

Contractors eyeing for Ca Rong Do FPSO

Talisman is also looking for a leased FPSO for the Ca Rong Do project in addition to the TLP on a slower timeline. Interested parties include MODEC, Yinson, EMAS, Bumi Armada and M3nergy. The FPSO will have processing capacity of between 25,000 bpd and 30,000 bpd, and capable of storing about 500,000 barrels of oil. A 10-year lease contract is available, with first production targeted in 2Q2018. Operations and maintenance will be carried out by PTSC, which is also likely to have an ownership interest in the FPSO.

via Upstreamonline

MODEC-led consortium agree to Tartaruga Verde/Mestica FPSO project off Brazil

MODEC, Mitsui, MOL and Marubeni have entered into agreements to invest in a 20-year charter business to provide an FPSO for Petrobras’ Tartaruga Verde/Mestica oil fields. This is the fourth FPSO project these companies have collaborated.

via Oil and Gas Technology

Schahin Group files for bankruptcy

Brazil’s Schahin Group has filed for bankruptcy protection for all 28 of its companies and will drop most civil engineering and construction activities to focus on the oil and gas sector. Besides operating drilling rigs, Schahin’s oil and gas arm partners MODEC in supplying FPSOs into the Brazilian market. Three more of these are in the pipeline including the Tartaruga Verde FPSO.

via Upstreamonline