Japanese company Modec has confirmed the award of a contract to supply and operate a large newbuild floating production, storage and offloading vessel for Shell’s latest oil project in Brazil.
Modec said it has signed a purchase and sales agreement with Shell, and a 20-year contract for the operations and maintenance, of the FPSO for the Gato do Mato oilfield, offshore Brazil.
No financial terms were disclosed.
Source: By Russell Searancke from upstreamonline.com