Announced details
Offshore oil production at the Baobab oilfield offshore Côte d’Ivoire
More than 6.7 million total working hours completed with zero lost-time injuries (LTIs)
MODEC oversaw the execution of the refurbishment work and handed the FPSO over to CNR. MODEC is currently continuing to provide O&M services, scheduled through December 2026. In February 2025, MODEC sold ownership of the FPSO to CNR and terminated the charter agreement.
Dubai (refurbishment work); the Baobab oilfield, approximately 65 km southwest offshore from Abidjan, Côte d’Ivoire (operating location)
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | FPSO Baobab Ivoirien, O&M (operations and maintenance) services |
| Counterparty | CNR International (Cote d’Ivoire) S.A.R.L. |
| Relationship with the Company | MODEC oversaw the execution of the refurbishment work and handed the FPSO over to CNR. MODEC is currently continuing to provide O&M services, scheduled through December 2026. In February 2025, MODEC sold ownership of the FPSO to CNR and terminated the charter agreement. |
| Launch date | 4 June 2026 (production resumed; actual date) |
| Applicable area | Offshore oil production at the Baobab oilfield offshore Côte d’Ivoire |
| Location | Dubai (refurbishment work); the Baobab oilfield, approximately 65 km southwest offshore from Abidjan, Côte d’Ivoire (operating location) |
| Quantitative Effects | More than 6.7 million total working hours completed with zero lost-time injuries (LTIs) |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Comprehensive refurbishment work was carried out to extend the service life and improve long-term operability.