MODEC to Provide, Operate Jubilee Field's First FPSO

Jubilee Field
(Click to Enlarge)

MODEC has reached an agreement with the Jubilee Field Partners and Tullow Ghana Ltd. (Unit Operator) to provide and operate the first FPSO to be installed on the Jubilee Field offshore Ghana. The agreement was entered into by Tullow Ghana Ltd. on behalf of the Jubilee Field partners: Tullow Ghana Ltd., Kosmos Energy Ghana, Anadarko Petroleum Corporation, EO Group, Sabre Oil and Gas, and the Ghana National Petroleum Corporation (GNPC). The contract is a seven year lease with 13 one-year options.

The FPSO, part of the Phase 1 development plan, will be installed in approximately 1,100 meters water depth on the Jubilee Field, which is one of the largest oil fields discovered offshore West Africa in the past 10 years. It will be capable of processing more than 120,000 barrels of oil per day, and injecting more than 230,000 barrels of water per day and 160 million standard cubic feet of gas per day. First oil is scheduled in 2010 and the FPSO is designed to remain on the field for up to 20 years.

Kenji Yamada, President & CEO of MODEC, Inc., said, "MODEC is very proud to have been selected by the Jubilee Unit partners and GNPC to provide and operate the Jubilee FPSO, a world class facility on a world class field. We are equally pleased to be a part of the team that will provide a needed energy resource to benefit the people of Ghana."

Rick Hall, President of MODEC International, Inc., added, "The Jubilee award represents a significant milestone for MODEC in assisting Tullow and its partners to develop a world class oil field while also strengthening MODEC’s infrastructure in West Africa. Following the Jubilee Phase 1 FPSO award along with the recently awarded FPSO to be installed offshore Angola, MODEC will have operations in Ghana, Angola and Cote d’Ivoire with additional MODEC supplied facilities operating in Nigeria, Equatorial Guinea, Cameroon and Gabon."

Related Companies
 Company: Anadarko Petroleummore info
 - Anadarko Petroleum Posts Bigger-Than-Expected Loss As Costs Rise (May 2)
 - Anadarko Shares Fall After Colorado Blast Prompts Well Closings (Apr 27)
 - Oil, Gas CEOs Optimistic about Future of E&P in North America (Mar 10)
 Company: Tullow Oilmore info
 - Tullow Says Promoting CEO To Chairman Best For Company (Apr 26)
 - Tullow Falls To Third Annual Loss On More Exploration Write-Offs (Feb 8)
 - Tullow Finds Oil in Kenyan Erut-1 Well (Jan 17)
 Company: Kosmos Energymore info
 - BP, Kosmos Make Major Gas Find Off Coast Of Senegal (May 8)
 - BP to Create New LNG Hub in Africa with Latest Kosmos Buy (Dec 19)
 - Tullow Starts TEN Production Offshore Ghana (Aug 18)
 Company: MODEC Internationalmore info
 - Keppel's BrasFELS Completes Project for MODEC's FPSO (Jun 29)
 - McDermott Joins 14 Other Offshore Firms to Establish Industry Standards (May 19)
 - Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC (Apr 7)
 Company: Ghana National Petroleummore info
 - Tullow Enjoys Strong Oil Production in West Africa (Jul 1)
 - National Petroleum: Ghana Oil Output To Hit Up To 110,000 Bpd In 2014 (Apr 8)
 - Ghana President Names New Head of State Oil Company (Sep 20)
 Company: Sabre Oil and Gas Limitedmore info
 - Tweneboa Confirmed as Major Field Offshore Ghana (Jan 21)
 - Odum-2 Appraisal Well Confirms '08 Discovery Offshore Ghana (Dec 8)
 - Massive Jubilee Field Extended by Successful Appraisal (Oct 15)

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Piping Designer
Expertise: Design Engineer
Location: Wisconsin, United States, WI
HVAC Engineer
Expertise: Mechanical Engineering
Location: Wisconsin, United States, WI
On- Site Machinist Supervisor
Expertise: Machinist
Location: Virginia Beach, VA
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours