Modec has signed a contract with Maersk Oil North Sea UK Ltd to supply a Floating Storage and Offloading (FSO) vessel for the Culzean development project in the North Sea.
This FSO will be deployed at the field approximately 145 miles off the coast of Aberdeen in water depth of around 295 feet. The Culzean field is operated by Maersk Oil UK with co-venturers JX Nippon Exploration & Production (UK) Ltd and BP.
MODEC is responsible for the Engineering, Procurement and Construction (EPC) of the FSO. SOFEC, Inc, a subsidiary of Modes, will design and supply the Internal Turret mooring system.
The FSO will have receiving capacity of 25,000 barrels of condensate per day and storage capacity of 350,000 barrels. The complete unit will be delivered to Maersk Oil UK in the first half of 2018.
A significant milestone for Modec in Gaining entry into the North Sea
Source & Link: www.modec.com