MODEC Inc. announced that Shell Brasil Petróleo Ltda has made its Final Investment Decision for a Floating Production Storage and Offloading vessel for the Gato do Mato oil field, offshore Brazil. Following the successful execution of the Front-End Engineering Design contract, which was awarded in March 2024, MODEC has signed a Purchase and Sales Agreement, and a contract for the operations and maintenance of the FPSO for a period of 20 years with Shell. When installed, FPSO Gato do Mato will be capable of producing 120,000 barrels of oil per day as well as associated gas and water, and will be moored at a water depth of approximately 2,000m, around 20km South of Rio de Janeiro.
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which will be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market. The FPSO will feature a new built, custom-made Next Generation Hull to meet the 25-year design life.
The FPSO Gato do Mato will be the 19th FPSO to be developed by MODEC for Brazil. It will be the second unit to be delivered directly to Shell by MODEC for operation in Brazil.
Modec Inc is a Japan-based company mainly engaged in the construction of floating oil production facilities and the provision of various related services. Its primary business is the provision of engineering, procurement, construction, and installation (EPCI) services and charter services (leasing and operation services) for floating production, storage, and offloading facilities, such as floating production, storage, and offloading (FPSO), floating storage, and offloading (FSO), and tension-moored platforms (TLP), used in the midstream of offshore oil and gas production. Its primary clients are government-affiliated and private oil and gas development companies overseas. It also provides after-sales services, such as parts supply and engineering support, for FPSOs and other facilities it builds and delivers to oil and gas development companies, as well as management and operational support to affiliates and joint ventures.
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