MODEC, Inc. (MODEC) announced that it has signed a contract with Woodside Energy, (Woodside), to supply a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 (Sangomar Field Development) project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore Senegal.
MODEC has now been awarded the FPSO purchase contract further to Final Investment Decision (FID) on the Sangomar Field Development which was made in January 2020.
The Sangomar Development concept is a stand-alone floating production storage and offloading (FPSO) facility with 23 subsea wells and supporting subsea infrastructure. The FPSO, expected to have a production capacity of 100,000 bbl/day, will process the oil before it is exported to the market via tankers.
Scheduled for delivery in early 2023, the FPSO vessel will be permanently moored at a water depth of approximately 780 meters by an External Turret mooring system to be supplied by SOFEC, Inc.