BP FPSO PSVM achieves first oil a significant milestone for MODEC

2/25/2013

BP FPSO PSVM achieves first oil a significant milestone for MODEC

HOUSTON -- MODEC announced that the BP Angola Business group has started full scale hydrocarbon production on FPSO PSVM within its fields in Block 31 offshore Angola. This milestone marks a significant achievement for the MODEC Companies as it caps a challenging project in which MODEC delivered to BP the FPSO PSVM facility which is one of the cornerstone pieces for this critically important producing development in the BP portfolio.

MODEC has functioned as the EPCI contractor for the development utilizing Company resources across the globe from MODEC, Inc. (Tokyo), MODEC Offshore Production Systems Pte. Ltd. (Singapore), MODEC International, Inc. (Houston), and MODEC Angola, Ltd. (Luanda).

In combination with BP and our valued Subcontractors and Suppliers, the MODEC team has delivered a world class facility whilst at the same time achieving a Safety Record that is second to none. The FPSO facility utilizes an external turret with the ability to produce 157,000 bbl of crude per day, compress 245 MMcfd, and inject 300,000 bbl of water in the subsea reservoirs. All in all, FPSO PSVM is one of the largest conversion projects executed in the industry.

 

 

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