MODEC wins PSVM development FPSO contract

BP has awarded MODEC a frame agreement for the supply of an FPSO under an EPCI contract for the PSVM (Plutão, Saturno, Vênus and Marte) development in block 31, offshore Angola

Offshore staff

TOKYO -- BP has awarded MODEC a frame agreement for the supply of an FPSO under an EPCI contract for the PSVM (Plutão, Saturno, Vênus and Marte) development in block 31, offshore Angola.

The FPSO will have production capacity of 157,000 b/d. First oil from the development is scheduled in 2011. The proposed contract also provides BP an option for the provision of a second FPSO in the area.

07/31/2008

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