MODEC International

Wednesday, November 14, 2012 OMV New Zealand announced the Maari Joint Venture's decision to exercise its option to purchase the Floating Processing, Storage and Offloading (FPSO) vessel Raroa.

Thursday, October 11, 2012 Chinese shipyards are set to take their place on the global FPSO stage as international players look to diversify from the traditional markets of Singapore, Malaysia, South Korea and the UAE.

Friday, March 23, 2012 MODEC, Mitsui and Marubeni have agreed that the cos will invest in a long-term charter business operated by MODEC for the purpose of providing an FPSO for use in Cernambi Sul offshore Brazil.

Tuesday, October 04, 2011 Jurong Shipyard has secured a project to convert the Very Large Crude Carrier (VLCC) tanker, the MV TAR II (ex STAR II), to an FPSO vessel for MODEC.

Monday, August 23, 2010 MODEC announced that Petrobras has signed an LOI for the supply, respectively, charter, and operations of a FPSO vessel for the BM-S-9 (Guara) Block in the giant "pre-salt" region of the Santos Basin.

Tuesday, May 04, 2010 Ghana's First FPSO vessel FPSO Kwame Nkrumah MV21, successfully converted by Sembcorp Marine's subsidiary Jurong Shipyard for MODEC, is on track for its landmark assignment offshore Ghana's Jubilee Field.

Wednesday, March 31, 2010 MODEC, Mitsui, Mitsubishi and Mitsui O.S.K. Lines have agreed to invest in the chartering of Petrobras' FPSO for use at a deepwater pre-salt oil field currently under development offshore Brazil.

Thursday, January 28, 2010 A Petrobras-led consortium signed a LOI for the chartering of the Guara pilot FPSO, which will opertate in block BM-S-9 in the Santos Basin.

Monday, December 21, 2009 Petrobras, BG Group, Repsol and Galp have awarded the tender to develop the FEEDs for an onboard natural gas liquefaction unit.

Thursday, September 10, 2009 A raft of giant oil strikes in global deepwaters is prompting Japanese shipping company NYK Line to invest more in floating production vessels that it can offer for lease.

Thursday, September 03, 2009 FloaTEC, a joint venture company formed by Keppel FELS and J. Ray McDermott, has submitted a bid to build an oil platform for Petrobras' Papa-Terra heavy oilfield project.

Tuesday, August 04, 2009 Jurong Shipyard has secured a contract to convert a VLCC tanker into a FPSO vessel for installation on the Jubilee field, offshore Ghana.

Monday, May 04, 2009 COSCO Dalian secured a major contract to convert a tanker to a FPSO, which will be redelivered to MODEC in 2010 and deployed in Petrobras' Tupi Field.

Friday, April 03, 2009 MODEC awarded VWS Westgarth a multi-million dollar contract for the PSVM FPSO project for the BP Angola PSVM field development in Block 31.

Monday, February 23, 2009 MODEC's Board of Directors has proposed to promote Nobuhiro Yaji to President and Co-CEO of the company, Shashank Karve to Managing Director and COO and Kenji Yamada as Chairman, in addition to his current position as MODEC's CEO.

Friday, December 19, 2008 Petrobras could cancel a tender for the P-61 oil platform after prices came in higher than expected. The platform would have been the first TLP installed in Brazil, destined for production at the Papa Terra field in the Campos Basin.

Tuesday, December 09, 2008 Jurong Shipyard has secured a contract from MODEC to convert a tanker to a FPSO that will operate in BP's PSVM Fields in Block 31 offshore Angola.

Monday, December 08, 2008 MODEC has announced that the FPSO Song Doc Pride MV19, owned and operated by MODEC and leased to Truong Son Joint Operating Company achieved first oil from the Song Doc field offshore Vietnam.

Friday, December 05, 2008 Oil production has commenced from the Song Doc field in Block 46/02 offshore Vietnam.

Thursday, December 04, 2008 American Electric Technologies will provide offshore services to the Brazilian offshore drilling and marine markets.