Apr 14, 2025 · MODEC has been providing competitive floating solutions for the offshore oil and gas industry and is recognized as a leading specialist for Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Floating LNGs (FLNGs), Tension Leg Platforms (TLPs), and Production Semi-submersibles.

FPSO and FSO systems are the primary method for many offshore oil and gas producing regions around the world. Most FPSOs/FSOs are ship-shaped and can be secured to the seabed via a variety of mooring systems, the choice of which is determined by the specific environment.

19 hours ago · Japanese company Modec has confirmed the award of a contract to develop a large floating production, storage and offloading vessel for ExxonMobil’s Hammerhead oil project offshore Guyana.

7 hours ago · (WO) — MODEC has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project offshore Guyana.

1 day ago · The contract is MODEC’s second for ExxonMobil in Guyana, following the Errea Wittu FPSO currently under construction for the Uaru project. The new vessel for Hammerhead is designed to produce up to 150,000 barrels of oil per day and will be moored in waters approximately 1,025 meters deep using a SOFEC spread mooring system.

1 day ago · ExxonMobil has handed MODEC a limited notice to proceed (LNTP) contract for the FPSO for the Hammerhead oil project offshore Guyana.. The award, which remains subject to government and regulatory approval, covers a two-phase program for the front-end engineering and design (Phase 1) followed by engineering, procurement, construction and …

MODEC is a leading provider of floating production solutions such as FPSOs and TLPs to the offshore oil & gas industry. These units can handle oil & gas production in ultra deep water and in harsh environments. MODEC has an exceptionally strong track record to prove its excellency.

1 day ago · MODEC stated that the project will be executed in two key phases. The first phase will involve front-end engineering and design (FEED) work, laying the foundation for the vessel’s technical specifications and operational planning.

Mar 25, 2025 · MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years.

Jan 31, 2025 · Ship classification organization American Bureau of Shipping (ABS) has granted approval in principle for a floating production, storage and offloading (FPSO) vessel for blue ammonia designed by...