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FPSO Jasmine Venture MV7

Jasmine field is located approximately 300 km south of Bangkok in water depth of approximately 60 m. Crude oil produced from the reservoir is transported from a fixed platform to the FPSO via 1.5 km pipeline.

MODEC-owned FPSO Jasmine Venture MV7 (ex-Buffalo Venture) was modified and re-deployed for Jasmine field development. Jasmine Venture MV7 is a tanker-converted FPSO with an external turret mooring system. The FPSO was operating at Nexen's Buffalo field from December 1999 to December 2004. This is the first contract for MODEC to re-deploy its owned FPSO to another field.

Production from Jasmine field started in June 2005. The FPSO will be chartered for maximum 7 years.

Scope of Work

  • Engineering
  • Procurement
  • Modification and life extension
  • Installation
  • Operation and Maintenance

Unit Name FPSO Jasmine Venture MV7 (ex-Buffalo Venture)
Contract Bare Boat Charter + O&M
First Oil June 2005
Charter Period 30 months + extension options (maximum 7 years in total)
Client PEARL Energy Pte Ltd.
Status In Operation (MODEC owns and operates)
Field Name Jasmine Field
Country Thailand
Water Depth 60 m (196 ft)
New/Conv Modification of Existing FPSO
Mooring Type SOFEC External Turret
Storage Capacity 800,000 bbls
Oil Production 20,000 bopd
Gas Production 8 mmscfd
Water Production 30,000 bwpd