Modec hit with FPSO construction and operational problems

Japanese FPSO giant recognises $25.4m impairment on floater offshore Brazil

Impairment recognised: on the FPSO Cidade de Santos MV20 — Impairment recognised: on the FPSO Cidade de Santos MV20Photo: MODEC

Russell Searancke

Wellington

Published 3 November 2021, 03:03Updated 3 November 2021, 09:45

Modec Japan Asia & Oceania East Asia