Monday, December 24, 2007

Japanese floater specialist Modec said it hit full production at the Stybarrow floating production, storage and offloading vessel (FPSO) off Australia

Japanese floater specialist Modec said it hit full production at the Stybarrow floating production, storage and offloading vessel (FPSO) off Australia’s north-west coast.

The company had started production at Stybarrow, ramping up to full production on 1 December. The Stybarrow unit was built at the Jurong shipyard in Singapore. It was delivered to the field, on the Exmouth sub-basin about 65 kilometres off the Western Australian coast. The floater is capable of producing 80,000 barrels of crude and 45 million cubic feet of gas products per day. It has storage capacity of 900,000 barrels. The FPSO sits in 825 metres of water, linked to the wellhead by a disconnectable turret allowing the vessel to be moved out of the path of seasonal cyclones and storms.
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