Japanese players team up for Brazilian floater

Modec also revises full-year finances as cracked FPSO hull off Brazil leads it to book an extraordinary loss

Modec: the company has teamed up with three other Japanese players to invest in the FPSO destined for the Petrobras-operated Marlim field off Brazil
Modec: the company has teamed up with three other Japanese players to invest in the FPSO destined for the Petrobras-operated Marlim field off BrazilPhoto: REUTERS/SCANPIX
Published 30 January 2020, 09:31Updated 30 January 2020, 09:31