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FPSO MODEC Venture 11

In Operation
(MODEC owns and operates)

MODEC owns & operates

FPSO MODEC Venture 11

Mutineer-Exeter field (WA-191-P) is located approximately 150 km north of Dampier on the north west coast of Australia.

The FPSO MODEC Venture 11 is installed in 156 m water depth and capable of processing 100,000 barrels of oil per day and having a storage capacity of 930,000 barrels. The FPSO was converted from an existing double-hull Suez-max tanker that meets very strict Australian environmental regulatory requirements. When a cyclone approaches, the FPSO can disconnected from the turret and evacuate to a safe place. When the FPSO returns to the field, the FPSO and the turret will be reconnected.

The first oil was achieved in March 2005. MODEC operates the FPSO for minimum 5 years with possible extensions.

Unit Name : FPSO MODEC Venture 11
Field Name : Mutineer-Exeter Field
Country : Australia
Water Depth : 156 m
Mooring Type : SOFEC Disconnectable Internal Turret
Storage Capacity : 930,000 bbls
Oil Production : 100,000 bopd
Gas Production : 2-3 mmscfd
Water Production : 125,000 bwpd
Water Injection : 150,000 bwpd
New/Conv : Conversion
Client : Santos Ltd.
Contract : EPCI + Time Charter
Scope of Work : Engineering, Procurement, Construction, Installation, Operation & Maintenance
First Oil : March 2005
Charter Period : 5 years + extension options
Current Status : In Operation (MODEC owns and operates)