Japan’s MODEC Inc. mentioned that it has signed a purchase order and gross sales settlement, in addition to a 20-year contract for the operations and upkeep of a floating manufacturing storage and offloading unit (FPSO) for the Gato do Mato oil area, offshore Brazil, with Shell Brasil Petróleo Ltda.
MODEC shall be chargeable for the design of the hull and all associated topside amenities for the FPSO. The produced stabilized crude shall be saved within the FPSO’s tanks, and the oil shall be offloaded to shuttle tankers, the corporate mentioned in a information launch.
The FPSO will function a custom-made “subsequent era hull” to satisfy the unit’s 25-year design life, MODEC mentioned.
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The signing follows the execution of the front-end engineering and design (FEED) contract for the FPSO signed in March 2024, based on the corporate.
When put in, FPSO Gato do Mato shall be able to producing 120,000 barrels of oil per day (bopd), in addition to related gasoline and water, the corporate mentioned. The vessel shall be moored at a water depth of roughly 6,561.7 ft (2,000 meters), round 124.3 miles (200 kilometers) south of Rio de Janeiro.
The FPSO Gato do Mato would be the nineteenth FPSO to be developed by MODEC for Brazil. It is going to be the second unit to be delivered on to Shell by MODEC for operation in Brazil, based on the discharge.
FEED Contract for Carbon Seize Challenge
In February, MODEC entered right into a FEED contract with Samsung E&A for an offshore carbon seize pilot undertaking, utilizing Carbon Clear’s modular CycloneCC expertise.
The research envisages the set up of a carbon seize module on a MODEC FPSO vessel as a pilot, and it will likely be a first-of-a-kind deployment of CycloneCC in an onboard carbon seize setting, based on an earlier information launch.
Koichi Matsumiya, MODEC Chief Technical Officer, mentioned, “MODEC is proactively pursuing two targets by means of our R&D [research and development] actions. One is to offer a secure power provide to society with minimal GHG [greenhouse gas] emissions, and one other is to organize for brand new floater options to bridge the society with different energies from oil and gasoline. We consider that the carbon seize expertise proposed by Carbon Clear would be the key to attain each of our targets. We are going to make our greatest efforts to progress the readiness degree of this expertise by using our expertise at offshore and wish to materialize this expertise at offshore within the shortest doable timeframe”.
Cheon Hong Park, Govt Vice President and Head of Sustainable Options Division for Samsung E&A, mentioned, “Samsung E&A is thrilled to mix forces with MODEC and Carbon Clear on this pivotal carbon seize pilot undertaking. This initiative aligns with our firm’s mission to deal with societal challenges by means of our technological options. It marks a major milestone with the primary software of Carbon Clear’s progressive carbon seize expertise within the marine business. We’re assured that the profitable execution of this undertaking will play a key function in advancing MODEC’s mid-term decarbonization plan whereas accelerating the commercialization of Carbon Clear’s CycloneCC expertise. We look ahead to delivering a profitable undertaking and strengthening our partnership for a cleaner, extra sustainable future”.
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