TOYO to Install Topsides on FPSO OSX 3 (Brazil)

MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean subsidiary, MODEC Offshore Production Systems (Singapore) Pte. Ltd.

The FPSO will  be delivOSX Brasil S.A., a privately owned Brazilian oil development company. It will be used in oilfield exploitation work at Waikiki Pero Inga fields owned by OGX and situated in the BM-C-39 block of Campos Basin off the coast of Brazil. The topsides units will have an oil production capacity of 100,000 BOPD.

MODEC is a leading FPSO contractor with top-level credentials that has successfully delivered seven FPSOs to Brazil. This is the fifth order for a FPSO that TOYO has been awarded in alliance with MODEC, and MTOPS is currently installing topsides units for FPSO for Petrobras, a Brazilian state-owned oil company, with completion slated for the end of 2012. This is also the twenty-eighth project to be executed by TOYO in Brazil.

The complete FPSO unit will be delivered to OSX in Brazilian waters in the third quarter of 2013, with a First Oil target of late September 2013.

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Offshore Energy Today Staff, April 26, 2012