Japan's Modec wins FPSO deal from Petrobras

Newswire

TOKYO, Sept 29 (Reuters) - Japan's Modec Inc said on Thursday that a unit of Brazil's state-owned oil giant Petrobras has asked it and its Brazilian partner Schahin Group to build a floating, production, storage and off-loading system (FPSO) for deployment in Brazil's Cernambi South oil field. Petrobras unit Tupi B.V. issued a letter of intent to the two firms, which will be in charge of the engineering, procurement, construction and operation of the FPSO, with delivery scheduled during the ...

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