Modec
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The contract awarded by MODEC is for the supply of gas technology equipment for installation on the project’s FPSO. -
Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
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Contractor will conduct FEED work on ExxonMobil’s Uaru development, which is expected to lead to construction and installation work.
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A new report claims as many as 30 units could become available for new work by the end of next year.
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Modules for the FPSO will travel to Singapore for integration. The FPSO will be located offshore Mexico, with first oil production planned for 2021.
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The FPSO will be capable of processing 90,000 B/D of crude, 75 million ft3/D, 120,000 B/D of water injection, and a storage capacity of 900,000 bbl of crude oil. First oil is planned for 2021.
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Awards are expected to recover to seven vessels next year. Over the past 10 years, only 2016 saw a lower level of activity when not a single FPSO contract was awarded.
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The FPSO, MODEC's largest size of "gas FPSO" to date, will be the first application of the contractor’s M350 Hull, a next-generation newbuilt hull for FPSOs.
