MODEC Secures Award for OSX-3 FPSO

abarrelfullabarrelfull wrote on 20 Jul 2012 10:22
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July 22, 2011

MODEC, Inc. (MODEC) announced today that OSX 3 Leasing B.V. has signed an EPCI contract for the supply of the OSX-3 FPSO, a Floating, Production, Storage, and Offloading (FPSO) unit to be utilized within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields. OSX 3 Leasing B.V. is a subsidiary of OSX Brasil S.A., an EBX Group Company. The Letter of Intent was issued to MODEC on June 1, 2011.

MODEC will be responsible for the engineering, procurement, construction, mobilization, installation, and commissioning of the FPSO, including topsides processing equipment, hull and marine systems, and the external turret mooring (designed and constructed by its subsidiary, SOFEC). The complete unit will be delivered to OSX in Brazilian waters in the third quarter of 2013, with a First Oil target of late September 2013.

The FPSO will be moored in approximately 110 meters water depth, have a storage capacity of 1.3 million barrels, be capable of processing 100,000 BOPD of heavy oil from the Campos Basin reservoir, generate approximately 60 MW of power, and provide for 150,000 BWPD of seawater treatment and injection.


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