Toyo Targeted for FPSO Topside Work at Angola's Block 31

Toyo Engineering Corporation has been awarded Detailed Topside Engineering work by MODEC Offshore Production Systems for the Topsides of an FPSO destined for offshore West Africa.

The FPSO is to be delivered to BP Exploration (Angola) Ltd. for their development of offshore concession Block 31 offshore Angola.

MODEC, the world top class FPSO/Floater Contractor, enjoys a dominant FPSO market share in Pacific/SEA region and is further expanding its market share in West Africa and Latin America.

The award this time is Toyo's third FPSO project from MODEC. Toyo is striving to strengthen its upstream business including oil/gas field development engineering as one of its highest priority target area, through tighter collaboration with MODEC.