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FPSO Cuulong MV9

Sold

MODEC owns & operates

FPSO Cuulong MV9

Su Tu Den Field is located offshore Vietnam, approximately 150 km east of Vung Tau. The field is located adjacent to the Ruby field. The FPSO is installed in 48 meters water depth. First oil was achieved on October 29, 2003, approximately 18 months after contract award.

The FPSO Cuulong MV9 is a new-build FPSO with storage capacity of 1,000,000 barrels. Topside facility is provided with 65,000 bopd of oil handling capacity, 35 mmscfd of lift gas system and 82,500 bpd of water injection. The FPSO is uniquely designed so that it can be expanded in-situ to handle 110,000 bopd for Phase 2 of the project.

The FPSO was purchased by the client in October 2008.

Unit Name : FPSO Cuulong MV9
Field Name : Su Tu Den Field
Country : Vietnam
Water Depth : 48 m (157 ft)
Mooring Type : SOFEC External Turret
Storage Capacity : 1,000,000 bbls
Oil Production : 65,000 bopd
Gas Production : 19.5 mmscfd
Water Production : 75,000 bwpd
New/Conv : New Build
Client : Cuulong Joint Operating Company (CLJOC)
Contract : EPCI + Time Charter (Ownership was transferred to the client)
Scope of Work : Engineering, Procurement, Construction, Installation, Operation & Maintenance
First Oil : October 2003
Charter Period : October 2003 - October 2008
Current Status : Sold