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FPSO Jasmine Venture MV7

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MODEC owns & operates

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. MODEC owned and operated the FPSO from June 2005 to June 2011.

Unit Name : FPSO Jasmine Venture MV7 (ex-Buffalo Venture)
Field Name : Jasmine Field
Country : Thailand
Water Depth : 60 m (196 ft)
Mooring Type : SOFEC External Turret
Storage Capacity : 800,000 bbls
Oil Production : 20,000 bopd
Gas Production : 8 mmscfd
Water Production : 30,000 bwpd
New/Conv : Modification of Existing FPSO
Client : PEARL Energy Pte Ltd.
Contract : Bare Boat Charter + O&M (Ownership was transferred to the client)
Scope of Work : Engineering, Procurement, Modification and life extension, Installation, Operation & Maintenance
First Oil : June 2005
Charter Period : June 2005 - June 2011
Current Status : Sold