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FPSO Stybarrow Venture MV16

(MODEC owns)

MODEC owns & operates

FPSO Stybarrow Venture MV16

MODEC operated the FPSO Stybarrow Venture MV16 in the Stybarrow field approximately 65 kilometers from Exmouth, off the northwest Australian coast with approximately 825 meters of water depth from November 2007 to August 2015.

This FPSO was capable of processing 100,000 barrels of liquids per day and a storage capacity in the order of 900,000 barrels.

The FPSO Stybarrow Venture MV16 started her oil production on November 11, 2007 and successfully completed the charter contract on August 2015.

Unit Name : FPSO Stybarrow Venture MV16
Field Name : Stybarrow Field
Country : Australia
Water Depth : 825 m
Mooring Type : SOFEC Disconnectable Internal Turret
Storage Capacity : 900,000 bbls
Oil Production : 80,000 bopd
Gas Production : 45 mmscfd
Water Injection : 110,000 bwpd
New/Conv : New Build
Client : BHP Billiton Petroleum
Contract : EPC + Time Charter
Scope of Work : Engineering, Procurement, Construction, Commissioning, Operation and Maintenance
First Oil : November 2007
Charter Period : November 2007 - August 2015
Current Status : Stand-by (MODEC owns)