Prosafe picks up key MODEC deal for Brazil market

Prosafe has been awarded an accommodation vessel contract by MODEC to support the company’s floating production storage and offloading (FPSO) vessel operations in Brazil.

The 200-day firm with 15-day optional extension contract will be fulfilled with the provision of Prosafe’s Safe Concordia semi-submersible accommodation vessel and commence in September 2018, the company said in a press release. Financial details were not revealed and the specific FPSO project was not disclosed but the contract value includes mobilization and demobilization costs.

MODEC has delivered 12 FPSOs to the Brazilian oil and gas sector so far. The FPSO Cidade de Campos dos Goytacazes MV29 deployed in the Tartaruga Verde field in the Campos Basin offshore Brazil achieved first oil in June and has just started a 20-year charter.

Read More: MODEC-led Japanese group invests in another Brazil FPSO project

Prosafe ceo Jesper Kragh Andresen said: "Prosafe is very pleased with this contract, as it marks the re-entrance of Safe Concordia in Brazilian waters. We have a good track-record of providing gangway connected accommodation services to both spread and turret moored FPSOs, and we will endeavour to offer the best possible services to MODEC, which we consider to be an important customer with significant potential future demand going forward."

Prosafe is a leading owner and operator of semi-submersible accommodation vessels.

Posted 17 July 2018

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Vincent Wee

Asia Editor, Seatrade Maritime News

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