MODEC, MOL, Mitsui and Marubeni agree FPSO investment

MODEC, Mitsui OSK Line (MOL), Mitsui & Co and Marubeni have agreed to invest in an FPSO for a MODEC promoted project in Brazil.

Under the terms of agreements signed on Wednesday Mitsui, MOL and Marubeni Carioca MV27 which signed a 20-year charter deal for an FPSO for the BM-S-9 Consortium, which comprises Petrobras, BG Group and Repsol Sinopec Brasil.

The vessel to be named FPSO Cidade de Caraguatatuba MV27 will be deployed in the BM-S-9 block offshore Brazil in the third quarter of 2016.

Posted 18 December 2013

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

Marcus Hand

Editor, Seatrade Maritime News

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