MODEC's FSO Achieves First Oil at Rang Dong Offshore Vietnam

FSO Rang Dong MV17
(Click to Enlarge)

MODEC announced that the FSO RANG DONG MV17, owned and operated by MODEC and leased to Japan Vietnam Petroleum Co., Ltd. (JVPC), achieved first oil from the Rang Dong Field offshore Vietnam. The Ready for First Oil Certificate was received on November 1, 2008, which marks the beginning of the 9 year charter.

The FSO RANG DONG MV17 is a new-build FSO and is the first project MODEC has completed with COSCO (Zhoushan) Shipyard Co., Ltd.

"We are pleased to have successfully installed the FSO and achieved first oil," said Kenji Yamada, President and CEO of MODEC, Inc. "It is the fifth vessel we have delivered offshore Vietnam and we have an additional FPSO that is currently being installed."

The Rang Dong field is located approximately 135 kilometers southeast of Vung Tau City on Block 15-2. The FSO is installed in approximately 60 meters water depth. The unit has a storage capacity of 350,000 barrels and a total inlet capacity of 60,000 barrels per day.

MODEC was responsible for the engineering, procurement, construction, installation and commissioning of the FSO, including the external turret mooring system which was supplied by SOFEC, Inc., a MODEC Group Company.



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Travel Wind O&M Tech
Expertise: Electrical Technician
Location: Illinois, IL
Protection and Control Specialist - Relays
Expertise: Electrical Technician|Electrician
Location: Cincinnati, OH
Slot Saw Operator - D-Shift
Expertise: Machinist|Mechanical Technician|Welding
Location: Lodi, CA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours