Modec said it has signed a purchase and sales agreement with Shell, and a 20-year contract for the operations and maintenance, of the FPSO for the Gato do Mato oilfield, offshore Brazil.

The company on Monday confirmed the award from Modec for the refurbishment and life extension of the FPSO. The refurbishment is set to commence in May 2025, with the eight-month expedited ...

The Indian company was the only one to bid on chartering a production storage and offloading vessel, known as an FPSO, for Petrobras' Barracuda and Caratinga fields. The oil company rejected the ...