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FPSO MODEC Venture 11

Stand-by
(MODEC owns)

MODEC owns & operates

FPSO MODEC Venture 11

MODEC was responsible for the engineering, procurement, construction and installation of the FPSO MODEC Venture 11, including topsides processing equipment as well as hull and marine systems, and also for operations of the FPSO in the Mutineer-Exeter field (WA-191-P) located approximately 150 km north of Dampier on the northwest coast of Australia.

The FPSO MODEC Venture 11 was installed in 156 m water depth and capable of processing 100,000 barrels of oil per day and has 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, and is equipped with disconnectable internal turret mooring system which was designed and provided by SOFEC, Inc., a MODEC group company. 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 FPSO started its oil production on March 2005 and successfully completed the charter contract on August 2018.

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 : March 2005 - August 2018
Current Status : Stand-by (MODEC owns)