Mitsui, MOL, Marubeni, and Mitsui E&S have jointly invested in MODEC's FPSO project for the Mero field off Brazil, securing a 22-year charter agreement with Petrobras.
Information on the Target
MODEC, Inc. is a leading supplier of floating production systems based in Tokyo, Japan. The company is engaged in engineering, procurement, and project management, with a focus on developing offshore production and storage technologies.
The current project involves the long-term charter of a floating production, storage, and offloading system (FPSO) specifically designed for deployment at the Mero field, situated off the Brazilian coast. This venture represents a significant collaboration among major investors in the offshore oil and gas sector in Brazil.
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Industry Overview in Brazil
The oil and gas industry in Brazil has experienced substantial growth over the past decade, primarily driven by deep-water oil rese
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