MODEC Awarded TLP for Anadarko Field
MODEC International LLC has entered into a letter of intent with El Paso Energy Partners, L.P. for the engineering, procurement and construction of the hull, mooring and production riser system for the world’s deepest tension leg platform (TLP). The TLP is expected to be owned by EPN and Cal Dive International, Inc. and is planned to serve as a production hub at Green Canyon 608 in the Gulf of Mexico initially for Anadarko Petroleum Corporation’s Marco Polo field discovery. The TLP is planned to be installed in 4,300 feet of water and is capable of supporting processing equipment designed to process 100,000 barrels of oil per day and 250 million cubic feet of natural gas per day. The facilities are scheduled to be online in 2004.
Aker Kvaerner to Deliver Process Systems to MODEC
Aker Kvaerner has signed a contract with MODEC International LLC for delivery of process modules for a floating production facility (FPSO). The total contract value for Aker Kvaerner is approximately $13m. The scope to be performed by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems, will be engineering, procurement, construction, assembly, test and delivery of Aker Kvaerner's sulphate removal unit (SRU) and deaerator system. Engineering will be executed from the office in Oslo, Norway. Construction, assembly and testing will be carried out at Aker Kvaerner's new manufacturing facility in Port Klang, Malaysia. This will be…
MODEC and SEA Systems Shake Hands
Shashank Karve, President and CEO of MODEC International LLC and Doug Kinloch, President of SEA Systems Ltd., a member of the AMI Group of Companies, announced the signing of an exclusive frame agreement. including engineering and specialist personnel. Karve said, "We are very pleased to have concluded this agreement with SEA. They have a consistently excellent track record in providing services for floating energy systems starting in their home territories in Canada and growth areas including Brazil and the U. Doug Kinloch added, "We are enormously pleased in the trust and confidence that MODEC has placed in us. Kinloch added, "It is particularly appropriate that we are announcing this at the World Petroleum Congress in Rio with our Brazilian partners present.
Jurong Shipyard Completes Construction of FPSO
Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine has completed construction of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense for MODEC International LLC. million barrels of oil. upgrading of the accommodation. were grit blasted and coated. largest external turret mooring system weighing 1300 tonnes. Salema Oilfields at the Campos Basin offshore Brazil, some 145 km from Macae. operate at a water depth of between 780 to 880 metres.
Aker Solutions Awarded Contracts for Offloading Systems
Aker Solutions has been awarded several contracts for supply of offloading systems. The total contract value for Aker Solutions is approximately $16m. The contract awards are from the Joint Venture Euronav/OSG and MODEC International LLC for the supply of offloading systems. The Euronav/OSG contract consists of offloading systems for two Floating Storage and Offloading Units (FSOs). The contract with MODEC is for two offloading systems for a Floating Production and Storage Offloading Unit (FPSO).
BrasFELS Delivers Fifth FPSO Project for MODEC
Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Tartaruga Verde and Tartaruga Mestiça Fields…
MODEC Aides FGL
MODEC Inc., announced that its wholly owned subsidiary, MODEC (USA) Inc. in partnership with the current management team of Friede & Goldman, Ltd. (FGL) has signed a contract with Friede Goldman Halter, Inc. to acquire the assets of Friede & Goldman Ltd. The acquisition is subject to approval by the United States Bankruptcy Court. Commenting on the agreement,. Paul Geiger Jr., President of Friede & Goldman, Ltd. said, “This acquisition led by the management team with the support of MODEC Group gives a tremendous boost to the business activities of FGL. We intend to aggressively market our services and designs to drilling contractors and to shipyards. Kenji Yamada, President & C.E.O. of MODEC Inc.
Keppel Wins $88.5M in Floating Production Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada); the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in 3Q 2016.
Maersk Oil Orders FSO from MODEC
Maersk Oil North Sea UK limited has contracted MODEC, Inc. to supply a floating storage and offloading (FSO) vessel for the Culzean development project in the U.K. Central North Sea. The contract awards MODEC responsibility for the engineering, procurement and construction (EPC) of the FSO, while the internal turret mooring system will be designed and supplied by MODEC subsidiary SOFEC, Inc. The FSO will feature receiving capacity of 25,000 barrels of condensate per day, with storage capacity of 350,000 barrels. MODEC president and CEO, Toshiro Miyazaki, noted that the new contract represents a milestone for the company as it marks MODEC's entry into the North Sea oil and gas industry. MODEC said it expects to deliver the complete unit to Maersk Oil UK in the first half of 2018.
Keppel Bags BRL 500 mln MODEC Project
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., a MODEC, Inc. group (MODEC) company, for a contract value of over BRL 500 million (SGD190 million). BrasFELS' work scope for this project comprises the fabrication and integration of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29.
Keppel Secures MODEC FPSO Project in Brazil
Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., a MODEC, Inc. group company, for a contract value of over BRL 500 million (SGD190 million). BrasFELS' work scope for this project comprises the fabrication and integration of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29. The vessel is expected to arrive at the shipyard by the first quarter of 2017 for the integration phase.
MODEC Connects Offshore Fleet with O3b/RigNet
O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput, low latency connectivity for MODEC’s Floating Production Storage and Offloading (FPSO) vessels off the coast of Brazil. RigNet will integrate the O3b satellite network solution, enabling MODEC to deliver operational decisions in real-time through advanced collaborative environments. Experts at onshore monitoring centers can now work directly with offshore operators, using real-time information to make better and faster decisions, resulting in increased production and enhanced operating efficiency. O3b connectivity significantly contributes to the governance of the Control of the Work required on board.
Hepburn and Sons to Help Boost Virginia Economy
Twelve Virginia companies were recently selected by the Governor’s office to participate in the Virginia Economic Gardening Pilot Program (VEGPP) ,which aims to advance the local economy. One of the companies selected was the veteran-owned small business Hepburn and Sons LLC, a provider of maritime consulting and engineering support services. The VEGPP, administered by the Virginia Economic Development Partnership (VEDP), seeks out small business which have shown promise and offer strategic solutions to further company growth. Capt.
MODEC FPSO Achieves First off Brazil
MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract. The FPSO is chartered by Tupi B.V., a subsidiary of Petroleo Brasileiro S.A. (Petrobras), under a 20-year lease and operation contract. Moored 240 kilometers off the coast of Rio de Jeneiro at a water depth of around 2…
FPSO Charter Bussiness for Offshore Brazil Oil Fields
MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Tartaruga Verde and Tartaruga Mestiça oil fields off the coast of Brazil. The above four companies have entered into related agreements today. Based on these agreements, Mitsui, MOL and Marubeni will invest in Tartaruga MV29 B.V.
GE Gas Turbines for FPSO
GE signed a contract to provide MODEC with three LM2500+G4 aeroderivative gas turbine generators for use on a floating production storage and off-loading (FPSO) vessel in Brazil’s Campos Basin. Using the standardized package configuration of its commercial marine units, GE’s LM2500+G4 gas turbine generators offer substantial weight and space savings as compared to other similar units in the industry. Each of the MODEC units is site rated at 27.8 megawatts and will operate in simple-cycle mode. Natural gas will be the primary fuel with diesel as the backup fuel. Considered the largest oil reserve in the Brazilian continental shelf, Campos Basin covers an area of approximately 100…
FPSO Installation deal to Aker Solutions
MODEC Offshore Production Systems (Singapore) Pte Ltd. awarded Aker Solutions' wholly-owned subsidiary Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. Contract value is approximately $30m. MODEC will supply the PSVM FPSO to BP for the oil company's PSVM (Plutão, Saturno, Vênus and Marte) development in Block 31 offshore Angola. The FPSO will be installed in approximately 2 000 meters water depth and have production capacity of 157,000 barrels per day. "This contract represents another significant step forward in our relationship with MODEC," says Erik Wiik, President - Subsea North America, Aker Solutions.
Four Companies Proceed with FPSO Chartering Project
MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd. (MOL) and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing a floating production, storage and offloading system (FPSO) for use in the Carioca area of a pre-salt oil field off the coast of Brazil. The four companies have entered into definitive agreements today. Based on these agreements, Mitsui, MOL and Marubeni will invest in Carioca MV27 B.V., a Dutch company established by MODEC, and the Companies will proceed with the Project jointly. MV27 has signed a long-term chartering agreement for the deployment of the vessel by the BM-S-9 Consortium – Petrobras (45%), BG Group (30%) and Repsol Sinopec Brasil S.A. (25%).
Wärtsilä to Power Australian FPSO
Wärtsilä Corporation won a contract to supply a 31.5 MW diesel power plant for a floating production, storage and offloading (FPSO) vessel for the Mutineer-Exeter field of Santos Ltd off the north west coast of Australia. The plant has been ordered by MODEC Inc of Tokyo, Japan, a leading designer and supplier of FPSO vessels, floating storage and offloading (FSO) vessels and tension-leg platforms for the world oil and gas industry. MODEC is converting an existing Suezmax tanker, of about 150,000 tdw, into a turret-moored FPSO vessel for Santos Ltd of Australia. It will be operated by MODEC on the Mutineer-Exeter field (WA-191-P) which is located approximately 150 km due north of Dampier on the north west coast of Australia.
Keppel’s Yard in Brazil Receives US$2 Million in Bonuses
Keppel FELS Brasil S/A's (Keppel FELS Brasil) yard in Angra dos Reis, Rio de Janeiro, Brazil - BrasFELS - has delivered FPSO Cidade de Sao Paulo 19 days ahead of schedule and with an excellent safety record. FPSO Cidade de Sao Paulo has a production capacity of 120,000 barrels of oil per day (bopd) and is able to compress 5 million cubic meters of gas per day. It is the first of two Floating Production Storage and Offloading (FPSO) projects BrasFELS is undertaking for MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint venture between MODEC, Inc. (MODEC) and Toyo Engineering Corporation (TOYO). For achieving an excellent safety performance throughout this two-year project, MTOPS awarded BrasFELS with a safety bonus in addition to an early delivery bonus.
MES Delivers FPSO Hull to MODEC
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) delivered the hull of a floating production, storage and offloading unit (FPSO) for MODEC, Inc. The FPSO hull sailed out from MES’ Chiba Shipyard on February 27, 2015. The FPSO will be chartered to a consortium formed by Petrobras (45%), BG Group (30%) and Repsol Sinopec Brasil S.A. (25%) after topside integration and commissioning work by MODEC. This is MES’ second FPSO hull, following Kerr-Mcggy Global Producer III delivered in 2000.
Keppel Secures $125 mln Repeat Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada)…
Harley Marine Hires Adlakha as CFO
Harley Marine Services is pleased to welcome Sterling Adlakha to its executive team where he will assume the role of Chief Financial Officer. A graduate of the U.S. Coast Guard Academy, Sterling served 10 years in the U.S. Coast Guard. He began his career as an engineer on a 210' cutter before moving to the West Coast and becoming a double-ended marine inspector and plank owner of the country's first Sea Marshal program following the 9/11 terrorist attacks. He later earned a Masters…