Woodside awards FEED contract for FPSO in Senegal
MODEC International has been awarded a contract for Senegal’s first Floating Production Storage and Offloading (FPSO) vessel.
Under the terms of the contract, awarded by Australian company Woodside Energy, MODEC is responsible for the vessel’s Front-End Engineering Design (FEED) and will also manage the supply, charter and operations of the FPSO, subject to a final investment decision (FID) to be taken later this year.
Located approximately 100km offshore, the south of Dakar, the FPSO is expected to be Senegal’s first offshore oil development and will be built to reach a production capacity of 100,000 barrels of crude oil per day, starting in 2022. Phase I of the development will target an estimated 230 million barrels of oil from 11 producing wells, ten water injectors and two gas injectors.
The SNE deep water oil field was discovered in 2014 through a joint-venture between Cairn Energy and Far Ltd, both still part of operations with a 40 and 15 percent stake, respectively. National oil company, Petrosen, has the remaining 10 percent stake in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint-venture.
According to Woodside’s Chief Executive Officer, “securing an FPSO facility is a significant step for the joint-venture and will allow the project team to complete the required technical and commercial activities required to support an FID”.
MODEC considers the West African region to be one its most important core areas of business. It currently operates three FPSOs in Ghana and Cote d’Ivoire and has supplied an additional seven floating production facilities in Angola, Cameroon, Equatorial Guinea, Gabon and Nigeria.