MODEC Adds Gas FPSO to Brazil Operations

MODEC announced today that Petróleo Brasileiro S.A. (Petrobras) has signed a letter of intent for the supply, charter and operations of a Floating Production, Storage and Offloading (FPSO) vessel. The contract is a 12 year lease with three one-year options.

MODEC is responsible for the engineering, procurement, construction, mobilization and operations for the FPSO, including topsides processing equipment, hull and marine system. SOFEC will provide the spread mooring.