On June 1, 2021, Equinor Brasil Energia Ltda, a subsidiary of Equinor, took its Final Investment Decision for a FPSO vessel for the Bacalhau field offshore Brazil.
Difficulties may be encountered from time to time in carrying out adequate maintenance offshore for hulls of floating oil and gas production facilities that are producing oil and gas offshore generally for more than 20 years without dry-docking.
MODEC, the leading supplier and operator of offshore systems for the global oil and gas industry, has commissioned MAN Energy Solutions to supply a total of five radial compressors and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor.
Mitsui, MOL, and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing an FPSO for use in the Marlim field off the coast of Brazil.
Mitsui and MOL have participated in a long-term charter business operated by MODEC for the purpose of providing the FPSO for use in the Area 1 block offshore Mexico and a loan agreement for the Project was entered into on April 12, 2019.
MODEC is pleased to announce that it has received an LOI for supply, charter, and operations of an FPSO vessel from Eni Mexico, a wholly owned subsidiary of Eni S.p.A., on October 3, 2018.