Modec News

 

MODEC Raises $1bln Bond for FPSO Project

Aug 16, 2019

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the…

MODEC Unveils New FPSO Designs

Aug 02, 2019

Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity…

Siemens to Power Eni Mexico Area 1 FPSO

Jul 11, 2019

Tech conglomerate Siemens said it will provide three 34-megawatt (MW) SGT-A35 gas turbine power generation packages to power a floating production, storage, and offloading unit (FPSO) that will operate for Eni off the coast of Mexico.The Eni…

Modec Signs LOI for FPSO with Petrobras

Jun 21, 2019

MODEC Inc. received a letter of intent (LOI) from Petróleo Brasileiro for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for the Búzios field.The firm time charter period of the contract is 21 years…

Petrobel Contracts Shelf Rig

Jan 30, 2019

UAE-headquartered offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt.According to a press release from the shallow water offshore drilling contractor…

Oil Spill from Espadarte Field FPSO

Jan 08, 2019

Brazilian state-run oil firm Petróleo Brasileiro S.A. announced there was an oil spill on January 2 from its chartered floating production storage and offloading unit (FPSO) Cidade de Rio de Janeiro, in the Espadarte field offshore Brazil.Petrobras said approximately 4…

Eni Contracts MODEC for FPSO

Oct 11, 2018

Japan's MODEC is to provide and operate a floating production storage and offloading (FPSO) vessel for Eni Mexico, a subsidiary of Eni.According to a press release from the Japanese supplier and operator of offshore floating platforms,  it has received a Letter of Intent (LOI) for supply…

Keppel Wins FPSO, FSRU Contracts

Jul 22, 2018

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30…

Petrobras picks MODEC for Sepia FPSO

Oct 20, 2017

MODEC has signed a contract for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with Brazil's Petrobras on 13 October 2017. The firm charter period of the contract is 21 years. The FPSO will be deployed at the Sépia field operated by Petrobras…

MODEC gets Vietnam extension

Oct 04, 2017

Japan Vietnam Petroleum Co. (JVPC), a subsidiary of JX Nippon Oil & Gas Exploration, has extended its contract with a MODEC Dutch subsidiary Rang Dong MV17 BV (MV17BV), for the time charter of the FSO Rang Dong MV17. FSO Rang Dong MV17…

Keppel delivers FPSO to MODEC in Brazil

Sep 29, 2017

Keppel Offshore & Marine's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29 floating production storage and offloading (FPSO) vessel to MODEC. The FPSO was completed safely, on time and within budget…

Weathering the storm

Aug 01, 2017

Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…

MODEC upgrades Brazil FPSOs communications

Oct 24, 2016

O3b Networks, technology solutions company RigNet and floating production service provider MODEC, have agreed to provide high-throughput, low latency connectivity for MODEC’s floating production storage and offloading (FPSO) vessels off the coast of Brazil…

GE inks FPSO deal with MODEC

Sep 06, 2016

GE Oil & Gas has signed a major agreement with MODEC, an owner/operator and engineering, procurement, construction and installation general contractor of floating production systems including floating production storage and offloading (FPSO)…

Shell extends Fluminense contract

Sep 01, 2016

Shell, through its subsidiary Shell Brasil Petroleo, extended its contract with MODEC for operations and maintenance of the FPSO Fluminense, effective from August 2016 to December 2020. The FPSO has been operating in the Bijupirá and…

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