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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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A Brazilian city decided to purchase a piece of the Atlantic Forest with more than 153,000 square meters, and owners of preserved areas will be able to submit proposals to transform the forest into a conservation unit.
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Brazilian siblings aged 11 and 7 read 240 books in just one year and caught attention on social media: while many children spend hours on screens, they turned their family’s routine into an example of reading, discipline, and curiosity.
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The legendary oak that, according to the story, hid Robin Hood from the Sheriff of Nottingham, died at the impressive age of 1,200 years in England, and the first chilling sign of its end was that no leaves sprouted on the tree this spring.
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While the world looks at forests, the UN warns that the Earth is also threatened by the silent degradation of natural grasslands and savannas, ecosystems that cover half of the planet, support billions of people, and can exacerbate water, food, and climate crises.
As production from the field was in decline, Santos decided to cease production from the remaining wells in 2018.
The FPSO, converted from an existing Suez-max double-hull tanker, began production in Australia in 2005 and completed its charter contract in August 2018.
