Japanese floater specialist Modec International and Belgian contractor Exmar are about to face off in a contest to supply Petrobras with a large floating production, storage and offloading vessel for the Sepia pre-salt field off Brazil after their rivals fell away at the technical qualification stage.
Modec, which is bidding alone, and Exmar, in partnership with Brazil’s Queiroz Galvao Naval group, passed through Petrobras’ technical qualification process, industry sources said.
