Japanese unite for Brazil FPSO project

Four Japanese conglomerates are proceeding with a deepwater FPSO charter project off Brazil.

MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation will invest in a long-term charter in an FPSO for use in Petrobras’s Búzios field off the coast of Brazil. Mitsui, MOL and Marubeni will invest in Buzios5 MV32, a Dutch company established by MODEC.

The FPSO, to be named FPSO Almirante Barroso MV32, will be chartered for 21 years from 2022, moored in the Santos Basin.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


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