TEN Ghana MV25, a subsidiary of MODEC, has won a contract from Tullow Ghana, a wholly owned subsidiary of Tullow Oil, for the supply, charter and lease, operations and maintenance of a Floating Production, Storage and Offloading (FPSO) vessel for the Tweneboa, Enyenra, and Ntomme (TEN) fields in the Deepwater Tano contract area in water depth averaging 1,500m. The Deepwater Tano contract area is held by Tullow (47.175%) as Operator, Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings, a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).
MODEC is responsible for the engineering, procurement, construction, mobilisation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems. SOFEC will design and provide the mooring system. MODEC will convert the VLCC Centennial J into an FPSO capable of handling an expected plateau production of 80,000 barrels of oil per day, 170 MM standard cubic feet of gas per day and has storage of 1,700,000 barrels of total fluids.
Scheduled for delivery during 2016, the FPSO will be installed in the TEN field and is designed to remain operational in the field for up to 20 years. This is the second vessel MODEC will provide and operate in Ghana following the FPSO Kwame Nkrumah MV21 for the Jubilee Field development, which was awarded in 2008. MODEC is currently operating the FPSO Kwame Nkrumah MV21 for Tullow as Operator of the Jubilee Field.