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Editor in chief: Angelo Scorza
28/01/19 12:57

Tanker Felicity of Euronav will be converted into a FPSO for Eni

Japan-based Modec took over the ship to be deployed in Mexico after conversion

Modec already purchased the ship to be transformed in FPSO and subsequently deployed in Mexico  on behalf of Eni.

According to international brokers, Japan-based operator allegedly took over 157,000 dwt Felicity, built at South Korean Samsung Heavy Industries shipyard in 2009.

The crude oil tanker, flying the Bahamas flag, belonged to Belgian giant Euronav – global oil transport leader listed at Wall Street – already changed hands.

Current owner is Area1 Mexico MV34 Bv, Modec is the operator, while registered owner is the oil field where forthcoming FPSO will be operating: Offshore Area 1, located 10 km offshore the Mexican coast in 32 metres deep sea, fully controlled by Eni Mexico, local branch of the six-legged dogs.

Last October Eni Mexico, signed a LOI with Modec to provide, charter and manage a Floating Production Storage and Offloading unit to be deployed in Mexico.

The 15-year contract, plus 5-year option, will see Modec responsible for the FPSO’s design, supply, construction, handling, installation and operational management, including the topside setting and systems supply.

Sofec, controlled by Modec, will design and provide the mooring system.

Last 15th January Eruonav announced the company listed at New York stock exchange had sealed an accord for tanker Felicity with a global offshore operator, which produced, net of debt refund, 21.1 million dollars cash flow in 1Q 2018.

Once converted into FPSO, the Felicity – currently located in Batu Ampar, Singapore – will record 90,000 bbls crude oil/day and 2.1 million cubic metres gas/day, with 900,000 barrels storage capacity. The launching is scheduled by 2021.


Francesco Bottino

TAG : Offshore