MODEC firms up deal to provide first FPSO for Senegalese waters
Japan’s MODEC has signed a contract with Woodside to supply a floating production storage and offloading (FPSO) vessel for the Sangomar field development Phase 1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal.
MODEC was awarded a Front End Engineering Design (FEED) contract of the FPSO in February 2019 and has now been awarded the FPSO purchase contract further to Final Investment Decision (FID) on the Sangomar Field Development, which was made on Friday, January 10, 2020.
The FPSO will be deployed at the Sangomar field located approximately 100 kilometers south of Dakar, Senegal. The Sangomar field development is expected to be Senegal’s first offshore oil development.
MODEC said on Friday that the FPSO was scheduled for delivery in early 2023. The vessel will be permanently moored at a water depth of approximately 780 meters by an external turret mooring system to be supplied by Sofec, a MODEC group company.
The FPSO will be capable of processing 100,000 barrels of crude oil per day, 130 million standard cubic feet of gas per day, 145,000 barrels of water injection per day and will have minimum storage capacity of 1,300,000 barrels of crude oil.
“We are delighted and proud to have been selected to provide the memorable first FPSO for Senegalese waters,” commented Yuji Kozai, President and CEO of MODEC.
“We consider West Africa where numerous offshore oil and gas fields have been discovered in recent years, as one of our most important core regions, and this contract award should geographically reinforce our business portfolio. We are equally pleased to be a part of the team that will provide a needed energy resource for the people of the Republic of Senegal.”