Tullow Oil awards FPSO contract to MODEC for Ghana TEN project

FPSO Kwame Nkrumah MV21MODEC’s FPSO Kwame Nkrumah MV21 is already operational in the Jubilee Field. (Image source: MODEC)MODEC has been awarded a contract by Tullow Oil for the supply and maintenance of a floating production, storage and offloading (FPSO) vessel for Tweneboa, Enyenra and Ntommeoil (TEN) oilfields in the deepwater Tano contract area offshore Ghana

TEN Ghana MV25 BV, a subsidiary of MODEC, will be responsible for the engineering, procurement, construction, mobilisation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems.

The FPSO is likely to be capable of handling an expected plateau production of 80,000 barrels per day (bpd) and 4.8mn cubic metres of gas per day, with a storage capacity of 1.7mn barrels of total fluids.

Scheduled for delivery in 2016, the FPSO will be installed in the TEN field and is designed to remain operational in the field for up to 20 years. This is the second vessel MODEC will provide and operate in Ghana, following the FPSO Kwame Nkrumah MV21 for the Jubilee Field development, which was awarded in 2008.

Toshiro Miyazaki, president of MODEC said, “MODEC is very proud to have been selected by the TEN field partners and Ghana National Petroleum Corporation (GNPC) to provide and operate the FPSO for TEN Project.”

The contract area is held by Tullow Oil with a 47 per cent stake, while Kosmos Energy and Anadarko Petroleum hold 17 per cent each, GNPC holds a 15 per cent stake and Sabre Oil & Gas holds 3.8 per cent.

 

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