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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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