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Japan’s MODEC Signs Contract with ConocoPhillips to Provide a Floating Storage and Offloading Unit (FPSO) for the Barossa Field Off the Coast of Australia.
The Barossa FPSO is intended to produce gas and condensate from subsea wells and, after treatment, supply feed gas to the Darwin LNG plant via an export pipeline. MODEC received a Front End Engineering Design (FEED) contract for the Barossa FPSO in June 2018. MODEC said on Wednesday that it had been selected as the key contractor based on successful performance and delivery of the FEED contract.
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The Barossa FPSO is MODEC’s largest “designed for gas production and processing” to date, capable of exporting over 600 million standard cubic feet of gas per day, as well as storing up to 650,000 barrels of condensate for export. MODEC will be responsible for the engineering, procurement, construction, and installation (EPCI) of the Barossa FPSO, including topsides processing equipment and marine and hull systems.
Scheduled for delivery in 2023, the FPSO will be permanently anchored by an internal tower mooring system provided by a company in the MODEC group, SOFEC.
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Next-Generation Hull
MODEC stated that the Barossa FPSO would be the first application of its “M350 Hull.” It is a next-generation hull for FPSOs, a full double-hulled design that has been developed to accommodate larger topsides and greater storage capacity than conventional VLCC tankers, with a longer lifespan of 25 years or more. The hull will be constructed by Dalian Shipbuilding Industry in Dalian, China.
The FPSO features a boiler and steam turbine-based power generation system, instead of conventional gas turbines, which helps to reduce the facility’s carbon dioxide footprint.
Yuji Kozai, President and CEO of MODEC, said: “This gas FPSO contract reinforces one of our important business strategies, which aims to penetrate the gas market. Additionally, this new contract represents a significant milestone for MODEC in the application of our new next-generation FPSO hull design, which we developed to meet new market demands for larger FPSOs.”
The Barossa FPSO will be MODEC’s sixth FPSO in Australia.
The FPSO will be located in the Barossa field, 300 kilometers north of Darwin, and will export gas to the Darwin LNG via a new 260-kilometer pipeline connected to the existing Bayu-Darwin pipeline. The FPSO will also store condensate for periodic offloading to tankers. The project area covers the NT/RL5 oil license, located in Commonwealth waters off the Northern Territory.
FID in Early 2020
Currently, the Barossa joint venture is formed by ConocoPhillips (field operator, 37.5%), SK E&S Australia (37.5%), and Santos (25%). Santos is also a partner in a joint venture in Darwin LNG with an 11.5% stake.
On October 14, Santos announced the acquisition of ConocoPhillips’ portfolio in northern Australia, including its interests in Darwin LNG, Bayu-Undan, and Barossa. The completion of the transaction and the planned sale to SK E&S will increase Santos’s interests in these assets to 43.4%, 43.4%, and 62.5%, respectively.
The Managing Director and CEO of Santos, Kevin Gallagher, said: “This contract with MODEC is the result of a FEED competition, and its award is our biggest step toward pressing the button on Barossa’s development.”
“The project is technically and commercially robust, and we are closing the FID in early New Year, with contracts for subsea umbilicals, flowlines, and drilling of six subsea production wells to be awarded in the near future.”
Chris Wilson, President of ConocoPhillips Australia-West, said: “This is the largest and most significant contract to be awarded for the Barossa Project and a significant milestone toward achieving a final investment decision in early 2020.”
TechnipFMC has already received a contract to deliver the Subsea Production System for the Barossa project, and the contract for the engineering, procurement, construction, and installation of the 260-kilometer export gas pipeline has been awarded to Allseas.
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