MODEC awarded Marlim FPSO deal by Petrobras

Japan’s MODEC has received a letter of intent from Petrobras for the supply, charter, and operations of an FPSO vessel for the Marlim revitalization project in the Campos Basin north of Rio.

The contract is for a period of 25 years, and MODEC’s 16th project in Brazil as well as its sixth in the Campos Basin. MODEC is responsible for the engineering, procurement, construction, mobilization, chartering and operations of the FPSO, including topsides processing equipment as well as hull and marine systems.

The FPSO will be capable of processing 80,000 barrels of crude oil per day, 7m standard cu m of gas per day, 390,000 barrels of water injection per day, and will be able to store at least 1m barrels of crude oil.

Yuji Kozai, president and CEO of MODEC, commented: “This new contract reflects our commitment with our operations in Brazil and with Petrobras. Brazil is a key country in our business strategy and is about to enter a very promising period for the energy segment. Brazilian market and Petrobras have been supporting us by strengthening our position in global offshore oil and gas industry for nearly 20 years. It is our wish to continue to support the development of the local oil and gas industry, either through mature fields like the Marlim revitalization project as well as green field projects in the pre-salt, amongst others.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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