Flying the flag: Modec is head quartered in Japan
Modec cheers first flows for Petrobras
Japanese outfit Modec’s floating production, storage and offloading unit Cidade de Niteroi MV18 which is leased to Petrobras in the Campos basin off Brazil has reached first oil and its charter agreement has officially begun.
The floating production specialist said the contract is a nine year lease with six one-year options.
“This is the fourth vessel we have delivered to Brazil and the fourth vessel we will operate," says Modec’s chief executive Kenji Yamada.
He added “we have two additional FPSOs under construction for Petrobras and partners: the FPSO Cidade de Santos MV20 which will be deployed in Urugua field and will also gather production from the Tambau field and the FPSO Cidade de Angra dos Reis MV22 which is the pilot FPSO for the "pre-salt" Tupi area in the Santos Basin.”
The FPSO Cidade de Niteroi MV18 is capable of processing 100,000 barrels of oil per day, has a gas compression capacity of 124 million cubic feet per day and oil storage capacity of 1.6 million barrels.
The spread-moored FPSO is located on the Marlin East field in the reservoir known as Jabuti in the Campos Basin, offshore Brazil in about 1500 meters water depth.