Velan has been awarded a $18mln supply contract in Singapore

Velan Inc.’s wholly owned subsidiary located in Lucca, Italy, has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems, a company based in Singapore. These orders represent a sales value of about $18 million and are scheduled for delivery by early 2019.
Velan ABV signed contracts with MODEC for the supply of API 6D and API 6A valves for their new floating production storage and offloading MV30 Carioca vessel. The FPSO will be deployed at the Sépia field operated by Petrobras, located in the giant “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro, Brazil at a water depth approximately 2,200 meters.
The scope of supply consists of over 1,500 medium, high and ultra-high pressure forged valves, both soft and metal seated ‘zero leakage’, as well as high-pressure axial check valves.
The FPSO MV30 Carioca will be capable of processing 180,000 barrels of crude oil per day, 212 million standard cubic feet of gas per day, 240,000 barrels of water injection per day and has a storage capacity of 1,400,000 barrels of crude oil.