Jurong Shipyard Bags MODEC's FPSO Contract for Ghana's TEN Development
Singapore's Sembcorp Marine Ltd.'s unit Jurong Shipyard Pte Ltd., bagged a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd.-- a unit of Japan's MODEC Inc. -- for the conversion of a Very Large Crude Carrier (VLCC) into a floating production facility for the Tullow Oil plc-operated TEN development project offshore Ghana.
Under the contract, Jurong Shipyard will complete the repair and life extension of the VLCC into a floating production, storage and offloading (FPSO) vessel -- the twenty-second FPSO conversion project which the company is working on with MODEC, Sembcorp Marine said in a press release Monday.
The TEN Development FPSO, when completed by Jurong Shipyard in the fourth quarter of 2015, will have a capacity of production and treatment of 80,000 barrels of crude oil per day, 65,000 barrels of produced water per day and 180 million standard cubic feet per day of gas. The vessel will also be equipped to store 1.7 million barrels of crude oil and deliver 132,000 barrels per day of filtered, de-aerated seawater.
Upon deployment to the TEN project offshore West Africa, the FPSO will be external turret moored in 3,281 to 5,905 feet (1,000 to 1,800 meters) water depth. MODEC will operate the vessel on behalf of its client Tullow Oil's subsidiary Tullow Ghana Ltd. The FPSO will host multiple subsea tiebacks from three reservoirs (Tweneboa, Enyenra, Ntomme) in the deepwater Tano block offshore Ghana.
Sembcorp Marine did not disclosed the value of the FPSO conversion contract, choosing instead to lump it with Sembmarine SLP Limited's deal to design and build an offshore substation platform for the Dudgeon Offshore Wind Farm from Siemens Transmission & Distribution Limited. The combined contract value for the two projects amounted to $177.56 million (SGD 222 million).
As reported by Rigzone earlier, design work on the FPSO, subsea facilities and the development wells for the TEN project commenced in 2011.
Tullow is operator of the Deepwater Tano Contract Area with an equity interest of 47.175 percent. Other partners include: Kosmos Energy with 17 percent; Anadarko Petroleum, also with 17 percent; Sabre Oil & Gas Holdings with 3.825 percent; and the Ghana National Petroleum Corporation with 15 percent.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- USA Driving Activity to Increase to All-Time Highs
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension