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.

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