MODEC clinches FSO deal with Maersk Oil

MODEC clinches FSO deal with Maersk Oil

Japan’s MODEC has announced that it has signed a contract with Maersk Oil North Sea UK to supply a Floating Storage and Offloading (FSO) vessel for the Culzean development project in the North Sea.

The FSO will be deployed at the Culzean Field off the coast of Aberdeen, which is operated by Maersk Oil UK, JX Nippon and BP.

MODEC is responsible for the engineering, procurement and construction (EPC) of the FSO, which will have a receiving capacity of 25,000 barrels of condensate per day and storage of 350,000 barrels.

Delivery time is scheduled in the first half of 2018.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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