Gulf Oil and Gas accountACCOUNT

Modec Secures Award for the First FPSO Offshore Ghana

Source: www.gulfoilandgas.com 8/11/2008, Location: Africa

Modec announced that it has reached an agreement with the Jubilee Field Partners and Tullow Ghana (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. 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 MMscfd of produced gas. 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."

FPSO Vessels and Equipment News in Ghana >>

Brazil >>  2/25/2021 - SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years l...
Brazil >>  2/24/2021 - Petrobras has signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO - floating production storage and ...

New Zealand >>  2/22/2021 - BW Offshore announced its plan to invest EUR 60 million in Ideol S.A, a global pure player in floating offshore wind technology and jointly creating B...
Norway >>  2/19/2021 - The Petroleum Safety Authority Norway (PSA) has issued an order to Equinor following an audit of the company’s integrated risk and barrier management ...

Malaysia >>  2/15/2021 - PETRONAS marked yet another significant milestone for its second Floating Liquefied Natural Gas (FLNG) facility, PFLNG DUA, with the achievement of it...
Mexico >>  2/11/2021 - ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI Group) design for a Floating Storage and Offloading (FSO) vessel that is...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.