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FPSO MODEC Venture 11 Sold As Scrapyard

Written by Paulo Nogueira

Published on 06/03/2019 at 11:20

Updated on 06/03/2019 at 11:27

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The Japanese FPSO Operator MODEC Would Have Sold the FPSO MODEC Venture 11 for Scrap

According to maritime and offshore data company VesselsValue, MODEC recently sold the FPSO to an undisclosed buyer for demolition. VesselsValue data shows that the FPSO was sold for a price of US$ 427 per LDT.

The FPSO had been producing oil for years in Australia, before its charter expired in August 2018. The FPSO MODEC Venture 11 was moored at the Mutineer-Exeter field, about 150 kilometers north of Dampier, on the northwest coast of Australia.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

FPSO MODEC Venture 11 Sold As Scrapyard

The Japanese FPSO Operator MODEC Would Have Sold the FPSO MODEC Venture 11 for Scrap

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FPSO MODEC Venture 11 Sold As Scrapyard

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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