MODEC, INC. (the “Company”) announces that it has received a notice of compliance with the continued listing criteria (distribution standard) from the Tokyo Stock Exchange (“TSE”) and confirms that, as of December 31, 2024, it has satisfied the compliance requirements for the continued listing on the TSE’s Prime Market.
MODEC, Inc. (“MODEC”) is pleased to announce that FPSO Bacalhau has received the Approval in Principle (AiP) for Abate Notation from classification society DNV, making it the first new built FPSO in the world to achieve this prestigious recognition.
Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras.
Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have sealed a deal to enhance inspection drones for floating production, storage, and offloading (FPSO) units to enable unmanned inspection, which will bring down the number of the required workforce for such tasks.
Japanese FPSO operator MODEC has congratulated Woodside Energy on starting production at Senegal’s first offshore oil development where a floating production storage offloading (FPSO) unit it sold to the Australian energy giant is working.
Seatrium has announced that it has secured a floating production storage and offloading (FPSO) topsides integration contract from longstanding customer, Offshore Frontier Solutions Pte. Ltd.
MODEC Inc. (“MODEC”) is pleased to announce that it has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda (“Shell”) on the Gato do Mato development, offshore Brazil.
(WO) – BrasFELS Shipyard (BrasFELS), a member of the Seatrium Group, has secured a contract from Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a Floating Production Storage and Offloading (FPSO) for the Raia project in Brazil, operated by Equinor.
FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.