TOYO Wins a LOI to Offshore Brazil FPSO

Source: www.gulfoilandgas.com 11/1/2010, Location: South America

MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation (TOYO, President and CEO Yutaka Yamada) and MODEC, Inc. (Chairman and CEO Kenji Yamada) and established in Singapore, has been awarded a letter of intent from MODEC for a topside processing facility to be installed on a floating production, storage and offloading (FPSO) system. The scope of the contract covers engineering, procurement, and fabrication and integration of modules. The first oil is forecasted for 1Q 2013, with efforts to anticipate to 2012.

This FPSO, with an oil production capacity of 120,000 BOPD, will be delivered offshore Brazil and used to develop the Guara offshore area in the BM-S-9 block under concession to the consortium comprised of the following three companies: Petrobras (45%), BG Group (30%) and Repsol (25%). This facility uses the environment-conscious Carbon Dioxide Capture and Storage (CCS) technology that dissociates CO2 in the produced gas and returns it to the reservoir.


Brazil >>  6/27/2022 - A Memorandum of Agreement ("MoA") for the sale of the FPSO Cidade de Vitoria, now owned by Saipem and run for Petrobras in the Golfinho field offshore...
Australia >>  6/24/2022 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that Australian Industrial Energy (“AIE”) has lifted its final subjects for the FSRU contract which wa...

Brazil >>  6/24/2022 - BW Energy has signed an agreement to acquire the FPSO Cidade de Vitoria from Saipem for a cash consideration of USD 73 million. The transaction is sub...
Norway >>  6/23/2022 - OneSea Energy B.V. (“OneSea”) have entered into a Memorandum of Understanding (“MOU”) with Subsea 7 Limited (“Subsea 7”) in the field of floating offs...

Norway >>  6/20/2022 - HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) has been contracted by Volstad Maritime to deliver the battery package and associated c...
Brazil >>  6/15/2022 - BW Offshore SPV PTE Ltd recently awarded Saipem a limited notice to proceed (LNTP) for early-stage engineering services for the supply of an FPSO (Flo...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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