PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Apr.2025, Words: 320) — ExxonMobil Guyana Limited awarded MODEC, Inc. a contract to develop a floating production, storage, and offloading (FPSO) vessel for the Hammerhead project offshore Guyana in the prolific Stabroek block. The contract is a limited notice to proceed […]
Tag: MODEC
Tupi Field Consortium Extends FPSO Cidade de Angra dos Reis Charter to 2030
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 22.Jan.2025) — Petrobras, on behalf of the Tupi field consortium extending the charter period of the FPSO Cidade de Angra dos Reis located in the Tupi field by an additional 5 years, until 2030. In specific, the consortium signed amendments to the […]
Petrobras Terminates Plan to Divest Uruguá and Tamba Fields
(Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024) — Petrobras notified Brava Energia S.A., the controlling shareholder of Enauta Energia S.A., on 21 Dec. 2024 of its decision to terminate the contract for the assignment of its entire interest in the Uruguá and Tamba fields. Petrobras’ decision was a result of the […]
MODEC Announces Establishment of OFS India
(Energy Analytics Institute, 4.Oct.2024) — MODEC, Inc. announced that Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Singapore, is partnering with Toyo Engineering India Private Limited to establish a global capability center in Bengaluru, India. This joint venture company, TOYO MODEC OFS India Private Limited (OFS India), […]
Termination of Contract for FPSO Cidade Santos Acquisition
(Enauta, 1.Jul.2024) — Enauta Participações, considering the Material Fact disclosed on 21 Dec. 2023, informs that it has notified MODEC of the termination of the contract to acquire FPSO Cidade de Santos, as provided by contract, which also provides for reimbursement to Enauta of 50% of the amount disbursed at […]
MODEC Updates on FPSO Errea Wittu
(Go Integrated Group, 26.May.2024) — MODEC recently announced that the keel laying for the FPSO Errea Wittu hull has been completed five weeks ahead of schedule. This is an important achievement for the vessel which will operate at the $12.7bn Uaru project, the fifth oil development in the ExxonMobil-operated Stabroek […]
Model Updates on EPCI Projects, Brazil FPSOs
(Energy Analytics Institute, 15.Feb.2024) — Modec‘s profits increased significantly due to good progress in the construction work of new EPCI projects and improved asset integrity of old Brazil FPSO vessels, the company revealed 15 Feb. 2024 in its 2023 financial results analysts presentation. EPCI works recorded good progress, including FPSOs awarded […]
Sangomar FPSO Makes it to Senegal
(Woodside Energy, 13.Feb.2024) — Woodside Energy announced that the LĂ©opold SĂ©dar Senghor Floating Production Storage and Offloading (FPSO) facility has safely arrived offshore Senegal. This is a significant step toward achieving First Production from the Sangomar field which is targeted for mid-2024. The arrival of the FPSO from Singapore at […]
Sangomar FPSO Sets Sail for Senegal
(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the LĂ©opold SĂ©dar Senghor Floating Production Storage and Offloading (FPSO) facility. The FPSO, named after Senegal’s first president, is travelling 12,000 nautical miles from Singapore to its final destination, […]
MODEC’s Uaru FPSO Proceeds to EPCI Phase
(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the Uaru project by ExxonMobil Guyana and its co-venturers on 27 April 2023. Uaru is a significant addition to MODEC’s portfolio and it covers […]
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to […]
MODEC on Development of Methane Hydrate Harvesting Technology
(MODEC, 27.Oct.2022) — MODEC, Inc. President & CEO: Takeshi Kanamori has been participating in the elemental technology development related to the development of shallow methane hydrate harvesting technology conducted by the National Institute of Advanced Industrial Science and Technology (“AIST”) commissioned by the Agency for Natural Resources and Energy, Ministry […]
SEOGS2021 Highlights: Day 2
(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]
Equinor Awards Bacalhau Drilling Contracts
(Equinor, 10.Nov.2020) — Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil. The total value of the three contracts is estimated at $455mn. The contracts have a firm period of […]
McDermott On 2nd Shipment Of MODEC FPSO Modules
(McDermott, 5.Nov.2020) — McDermott International, Ltd announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. (MODEC). It comes just weeks after the first shipment of modules sailed away from McDermott’s Altamira fabrication facility located in Mexico. The FPSO will be […]
Petrobras To Open Tender For Brazil’s Biggest Platform
(Reuters, 8.Jul.2020) — Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally […]
MODEC Inks Deal By Equinor For FPSO For Brazil Field
(Modec, 30.Jan.2020) — Modec Inc. has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. Modec was awarded a Pre-Front End Engineering Design (Pre-FEED) […]
MODEC Moves On With FPSO Charter For Marlim Field
(MODEC, 30.Jan.2020) — MODEC, Inc. (“MODEC,” head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. (“Mitsui,” head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo Yasunaga), Mitsui O.S.K. Lines, Ltd. (“MOL,” head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Marubeni Corporation (“Marubeni,” head office: Chuo-ku, […]
Petrobras Signs Charter Deals For Marlim
(Petrobras, 15.Oct.2019) — Petrobras signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador fields revitalization – […]
Unit Serving Petrobras Halted Due To Regulatory Issues
(Reuters, 23.Sep.2019) — An oil production unit supporting the operations of Brazilian state-controlled oil firm Petroleo Brasileiro SA has been paralyzed since Sept. 19 due to regulatory issues, the operator, Modec, told Reuters on Monday. The nature of the previously unreported irregularities was not immediately clear. However, Modec said the […]
MAN Energy To Supply Compressor Trains For FPSO In Mexico
(MAN Energy, 16.May.2019) — MODEC has commissioned MAN Energy Solutions to supply a total of six compressor trains for a new FPSO vessel in the Gulf of Mexico. “We are honored that MODEC has demonstrated its confidence in our compressor technology systems. Once again, our company is delivering efficient high-end […]
BrasFELS Signs $141 Mln FPSO Contract
(Keppel Corporation Ltd. 7.Apr.2016) – Singapore’s Keppel Corp. Ltd. announced that its unit Keppel Offshore & Marine Ltd. (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA’s BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore […]