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Keppel's BrasFELS shipyard delivers its 5th FPSO project for MODEC

KEPPEL FELS BraSil's BrasFELS shipyard in Brazil, a wholly owned subsidiary of Keppel Offshore & Marine, has delivered its fifth Floating Production Storage and Offloading (FPSO) vessel to MODEC Offshore Production Systems (Singapore), an EPCI (engineering, procurement, construction and installation) arm of the MODEC, Inc group (MODEC).

Announcing this in a press statement on Friday, Keppel FELS Brasil said the Cidade de Campos dos Goytacazes MV29 was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will be deployed in the Tartaruga Verde and Tartaruga Mesti├ža Fields in the Campos Basin, off the coast of Rio de Janeiro.

The FPSO has a production capacity of 150,000 barrels of oil per day and five million cubic metres of gas per day, and a storage capacity of 1.6 million barrels of oil, and BrasFELS' workscope included the fabrication of nine topside production modules as well as integration works.

Kwok Kai Choong, CEO and president of Keppel FELS Brasil, said: "We would like to express our appreciation to MODEC for their trust and confidence in our commitment and capabilities as well as for the strong teamwork throughout the duration of the project. This is also BrasFELS' ninth FPSO project for Brazil and it demonstrates our commitment and reliability in supporting the country's oil and gas industry."

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Sateesh Dev, president and CEO of MODEC Offshore Production Systems (Singapore), said the Cidade de Campos dos Goytacazes MV29 project "bears testament to MODEC's and BrasFELS' shared commitment for safe, on time and high quality execution".

"Over the years, we have chosen BrasFELS as our choice shipyard in Brazil because of their reliability, cost-efficiency and capability to meet our needs. MODEC is steadfast in supporting the development and growth of Brazil's significant oil and gas industry, and we are glad to have a good partner in the Keppel Group to support us on this journey," he added.