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MODEC, Mitsui, MOL & Marubeni to Proceed with FPSO in Brazil

Source: www.gulfoilandgas.com 1/30/2020, Location: South America

MODEC, Inc. (MODEC), Mitsui & Co., Ltd. (Mitsui), Mitsui O.S.K. Lines, Ltd. (MOL) and Marubeni Corporation (“Marubeni) have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Marlim field off the coast of Brazil. The above four companies have entered into related agreements on 30th January 2020.

Based on these agreements, Mitsui, MOL and Marubeni will invest in Marlim1 MV33 B.V. (“MV33”), a Dutch company established by MODEC, and the Companies will proceed with the Project jointly. MV33 has received a Letter of Intent for a long-term charter agreement for the deployment of the FPSO in October 2019 from Petroleo Brasileiro S.A. (Petrobras), the Brazilian state oil company. The FPSO will be chartered for 25 years under this charter agreement.

The FPSO will be named FPSO Anita Garibaldi MV33 and will be deployed at the Marlim field situated in the Campos Basin. The field is located approximately 150 kilometers from Rio de Janeiro, in the southeast coast of Brazil. FPSO will be moored in approximately 670 meters water depth, in the year of 2022.

The Project is the eighth occasion under which the Companies have collaborated to operate FPSOs in Brazil.

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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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