OTC 'Spotlight' Shines on MODEC
MODEC announced Monday that it has received a 2007 Spotlight on New Technology award by the Offshore Technology Conference for innovative technology that significantly impacts the offshore exploration and production industry.
MODEC's award was for the MOSES Self Stable Integrated Platform (SSIP) Tension Leg Platform (TLP) - the next generation of TLP design - which is an inherently stable platform that allows for quayside integration and commissioning of the topsides, as well as greater stability during transportation and during installation. The design allows for considerable savings in offshore installation costs and schedule time because there is no need for supplemental stability modules and allows for the use of a wider range of installation vessels to install the platform. The design was a result of a continued working relationship between MODEC and Sea Engineering, Inc.
The first applications of the MOSES SSIP TLP technology were the Okume E (Oveng") and Okume F (Okume"), "twin" TLPs which were installed in early 2006 offshore Equatorial Guinea for Hess Corporation.
"MODEC is extremely proud to offer our SSIP TLP solution - which we consider to be the new generation of TLPs - to our clients," said Willie Rawles, General Manager of MODEC's TLP/Semi division. "The design, construction and installation efficiencies have improved constructability and provide economic and schedule advantages to our clients."
The SSIP design offers superior in situ performance, design flexibility, fabrication simplicity, and ease of installation when compared with other TLP designs. The open well bay(s) arrangement enhances well bay safety, increases the flexibility for the well arrangement, accommodates a large number of wells and allows drilling from any slot or a designated "drill center."
The MOSES SSIP TLP allows for a typical two-level deck design resulting in a lower topside vertical center of gravity and reduced wind loads. Flowlines and SCRs are supported on sides of the columns which enables easier SCR installation and future access.
More than 60,000 attendees are expected at OTC, which occurs 30 April through 3 May at Reliant Park in Houston.
Winning technologies were selected on four criteria:
- New and Innovative: the technology must be less than two years old
- Proven: the technology must be proven, either through full-scale application or successful prototype testing
- Broad Interest: the technology must have a broad interest and appeal for the industry
- Significant Impact: the technology must provide significant benefits beyond existing technologies
The Spotlight on New Technology awards will be presented at 4 pm Monday, 30 April, at the conference.
Founded in 1968, MODEC is a turnkey supplier of Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs) and production semi-submersibles (CP Semis) for the offshore oil and gas industry. MODEC is operating 10 FPSO/FSOs world-wide and has two FPSOs and one FSO under construction. One FSO is currently sailing for its installation. MODEC has delivered four TLPs and has a fifth under construction.
Operates 4 Offshore Rigs
- Hess: World Needs New Offshore Oil Investments to Avoid Shortages (Sep 28)
- Hess Slashes 2017 Capital Budget After Quarterly Loss (Jul 26)
- Suriname Signs Offshore Oil Deals with ﻿Exxon, Hess and Statoil (Jul 14)
Company: MODEC International more info
- Shell Extends MODEC's Contract for FPSO Fluminense to December 2020 (Sep 02)
- Keppel's BrasFELS Completes Project for MODEC's FPSO (Jun 29)
- McDermott Joins 14 Other Offshore Firms to Establish Industry Standards (May 19)