First Gulf of Mexico FSO Exports 500 Millionth Barrel of Oil


Cantarell & Ku Maloob Zaap Complex, Camp
(Click to Enlarge)
The MODEC owned and operated FSO Ta'Kuntah offloaded its 500 millionth barrel of oil on January 1, 2005.  The FSO Ta'Kuntah was the first FSO installed in the Gulf of Mexico and continues to be one of the largest FSO's operating worldwide.  Strategically located on the PEMEX Cantarell field, the FSO Ta'Kuntah achieved the 500 millionth barrel by offloading to 887 tankers in 6 years and 4 months.  These operations have been carried out with no downtime and no incident of pollution.  The following statistics highlight the significant increase in daily throughput since operations began.

The FSO Ta'Kuntah is designed to receive a throughput of 800,000 bopd and to perform both tandem and side-by-side offloadings, the only facility in the world designed to conduct this operation simultaneously.

 

The SOFEC mooring system has also proven to be an impressive component of this facility.  The fluid swivel has remained tight with no leakage and no maintenance required to date.

 

During this period, FSO Ta'Kuntah offloaded 25% of the ships exporting oil in the marine northeastern region and exported the same percentage of oil which emphasizes the strategic importance of the facility for this region.

 

"The high commercial demands naturally result in higher workload for maintenance and upkeep.  Our offshore crew, with effective support from the site office in Ciudad del Carmen and the Houston Corporate office, has overcome this challenge while maintaining a most satisfactory HSE record," commented Shashank Karve, President and CEO, MODEC International, LLC.

 

MODEC International LLC is a subsidiary of MODEC, Inc., which is listed on the Tokyo Stock Exchange (TSE: 6269).  Founded in 1968, MODEC is a turnkey supplier, owner and operator of Floating Production, Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels,  Tension Leg Platforms (TLPs) and production semisubmersibles (CPSs) for the offshore industry.  MODEC has provided twenty-one (21) FPSOs/FSOs/TLPs around the world, of which nine units are owned and operated by MODEC

Date

Barrels Offloaded

Days to Achieve

No. of Tankers Offloaded

Average BOPD

Nov. 16, 2000

1st 100 million

825

172

121,000

Apr. 25, 2002

2nd 100 million

525

189

190,000

Apr. 15, 2003

3rd 100 million

358

178

282,486

Apr. 3, 2004

4th 100 million

352

178

284,100

Jan. 1, 2005

5th 100 million

273

170

366,300

Total

500 million

2333

887

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