TOYO Wins FPSO Topsides Units Projects for Brazil

Source: www.gulfoilandgas.com 12/20/2012, Location: South America

MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a Singapore joint company created by Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) and MODEC, Inc. (MODEC, President & CEO Toshiro Miyazaki), has been awarded a letter of intent from MODEC to install topsides units for a Floating Production, Storage and Offloading (FPSO) system.

This FPSO, named FPSO Cidade de ITAGUAI MV26, will be deployed to an offshore oil field, which is under concession to a consortium comprised of four companies including Petroleo Brasileiro S.A. (Petrobras). The offshore oil field is located in the pre-salt layer about 5,000 meters beneath the seabed of the Iracema North area (water depth: 2,240m), 300 km off the coast of Rio de Janeiro in Brazil. This FSPO will be installed in the area in the fourth quarter of 2015.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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