FPSO ownership shift spurred by high interest rates and full …
The market for new FPSOs is more heterogeneous in terms of contracts, with turnkey engineering-procurement-construction (EPC) and build-own-operate-transfer (BOOT) …
Projects | MODEC
Projects. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi-Submersibles.
ABB and MODEC's 14th Collaboration Supports Growing South American FPSO
The order, booked in Q2, 2023, marks the fourteenth collaboration between ABB and engineering procurement and construction company MODEC on FPSO developments across South America. The global FPSO market is estimated to reach $20 billion in 2027, according to a report by The Insight Partners.
MODEC's Bacalhau FPSO Project for offshore Brazil proceeds …
MODEC, Inc. ("MODEC") is pleased to announce that on June 1, 2021, Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA ("Equinor"), took its Final Investment Decision (FID) for a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau field offshore Brazil.
Signed contract for Barossa FPSO | BW Offshore
The Lease and Operate contract has a firm period of 15 years, with 10 years of options. The firm period contract value is USD 4.6 billion. BW Offshore will be responsible for engineering, procurement, construction, installation, and …
MODEC Awarded Contract to Supply FPSO for Barossa Field …
MODEC, Inc. ("MODEC") is pleased to announce that it has signed a contract with ConocoPhillips Australia Barossa Pty Ltd to supply a Floating Production Storage and Offloading (FPSO) vessel for the Barossa field, offshore Australia.
West Africa | Projects | MODEC
West Africa. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi-Submersibles.
Proceeds with phased Maromba development and …
BW Energy has signed an agreement to purchase the FPSO from BW Offshore effective no later than July 24, 2023, for a total consideration of USD 50 …
FPSO Bacalhau | Projects | MODEC
FPSO Bacalhau. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and …
MODEC delivers FPSO to Woodside Energy
2 | 2 . About MODEC . MODEC is a leading provider of floating production solutions such as Floating Production Storage and Offloading (FPSO) vessels to the offshore oil & gas industry.
Mooring System | FPSO | Business | MODEC
Mooring System. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi-Submersibles.
An overview of the FPS leasing market: Growth and changes
The top three contractors in the leasing market are SBM Offshore NV, BW Offshore Ltd., and MODEC International LLC (Fig. 1). Collectively, these contractors account for 38% of the leased fleet, a 3% rise from last year.
MODEC to supply FPSO for BP's Angola Block 31
MODEC, Inc. is pleased to announce it has been awarded a Frame Agreement from BP for the supply of an FPSO under an EPCI contract for the PSVM (Plutão, Saturno, Vênus and Marte) Development in Block 31 offshore Angola.
MODEC's FPSO Almirante Barroso MV32 for Brazilian "pre …
MODEC, Inc. ("MODEC") announced that the FPSO Almirante Barroso MV32, deployed for production operations at the Búzios field in the giant "pre-salt" region of the Santos Basin off the coast of Brazil, achieved First Oil production on May 31, 2023.
MODEC Awarded Contract by Equinor to Supply the 2nd FPSO …
MODEC, Inc. ("MODEC") is pleased to announce that it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltd, a subsidiary of Equinor ASA ("Equinor"), to supply a Floating Production, Storage and Offloading (FPSO) vessel to produce the field cluster of Pao de Acucar, Seat & Gavea in the BM-C-33 block of the …
FPSO Market Worth $21.83 Billion by 2028
FPSO Market is growing at a CAGR of 8.0% from 2021 to 2028.Pune, India, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to The Insight Partners, "FPSO Market Forecast to 2028 – COVID-19 Impact and ...
MODEC NOAH™ | FPSO/FSO | Floating Production Systems | FPSO …
MODEC NOAH™. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi-Submersibles.
FPSO Léopold Sédar Senghor | Projects | MODEC
FPSO Léopold Sédar Senghor. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi …
Major Milestone for the Barossa Project | BW Offshore
The Barossa gas field is located 300 kilometres offshore Darwin in northern Australia, and will be developed via the BW Opal FPSO with six subsea production wells, in-field facilities and a gas export pipeline tied into the Bayu-Undan to Darwin pipeline system that supplies gas to Darwin LNG. BW Offshore is responsible for engineering ...
An overview of the FPS leasing market: Growth and changes
The top three contractors in the leasing market are SBM Offshore NV, BW Offshore Ltd., and MODEC International LLC (Fig. 1). Collectively, these contractors …
Major FPSO company says not enough competitors for big …
The four big global lease and operate FPSO companies are considered to be SBM Offshore, Modec, Yinson and BW Offshore.
FPSO Market
Leasing allows operators to access and deploy FPSOs with minimal upfront capital investments, benefiting smaller operators or projects with uncertain production profiles. …
MODEC Awarded Contract by Equinor to Supply FPSO for …
MODEC, Inc. ("MODEC") is pleased to announce that it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA ("Equinor"), to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil.
FPSO Carioca MV30 | Projects | MODEC
FPSO Carioca MV30. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production …
Floating Offshore Wind | Business | MODEC
Floating Offshore Wind. MODEC is an owner/operator and EPCI (Engineering, Procurement, Construction and Installation) general contractor of floating production systems including Floating Production Storage and Offloading (FPSO) units, Floating Storage and Offloading (FSO) units, FLNGs, Tension Leg Platforms (TLPs) and Semi …
BW Offshore: Closing of the sale of the FPSO Polvo to BW …
3 May 2024 – Reference is made to the announcement on 22 April 2022, whereby BW Offshore Limited ("BW Offshore") announced the agreement to divest the FPSO Polvo to BW Energy Limited for USD 50…
MODEC Awarded Contract by Equinor to Supply the 2nd …
The FPSO will have topsides designed to produce approximately 125,000 barrels of crude oil per day as well as produce and export approximately 565 million …
BW Offshore set to steal Modec's thunder on Australia
BW Offshore set to steal Modec's thunder on Australia floater contract. Oslo-listed company emerges as likely winner for floater contract after operator Santos put Australian project on pause
Leased FPSO market: strong drivers, stern challenges
As the FPSO market became more entrenched, and generous oil prices encouraged operators to look more seriously at developing smaller reservoirs, the …
Navigating the FPSO Market: Trends, Innovations, and …
BW Offshore: A prominent player in the FPSO market, specializing in the conversion, operation, and leasing of FPSO vessels for offshore oil and gas production. Market Trends and Innovations
BW Offshore: First quarter results 2024
24 May 2024 – First quarter results 2024 HIGHLIGHTS BW Offshore continues to progress the Barossa FPSO project, having achieved overall completion of 82% by the end of April, in line with the project…