Modec has confirmed it will supply one of the most complex floating production, storage and offloading vessels in its history for Equinor’s $9 billion BM-C-33 ultra-deepwater project in Brazil.

A sales and purchase agreement between Equinor and Modec is a two-phase lumpsum turnkey contract covering both the front-end engineering and design (FEED) work plus the engineering, procurement, construction and installation (EPCI) of the FPSO.