Modec Gets Senegal FPSO Contract from Woodside
Modec on December 14 announced securing a contract from Australia's Woodside to operate and maintain a floating production storage and offloading (FPSO) vessel for the first phase of Sangomar development offshore Senegal.
A purchase contract for the vessel was signed in January this year. The operations and maintenance deal will cover all in-country installation and commissioning activities following which an initial 10-year operations and maintenance term will start, Modec said. This term can be extended every year thereafter up to a maximum of 10 years.
The vessel will be deployed at the Sangomar field located approximately 100-km south of Dakar. Scheduled for delivery in 2023, the FPSO vessel will be permanently moored at a waters 780 m deep. It will be capable of processing 100,000 barrels/day of crude, 130mn ft3/d of natural gas and will have a minimum storage capacity of 1.3mn barrels of crude oil.
Woodside earlier this month used its pre-emptive right to make a bid for fellow Australian player Far's stake in the production-sharing agreement Rufisque, Sangomar and Sangomar Deep blocks, blocking an offer from India's ONGC.