🏭MODEC, Mitsui, MOL, Marubeni and Mitsui E&S to Proceed with the Ultra-Deepwater FPSO Charter Project for Mero field of Brazilian Offshore Pre-Salt Oil Field
May11,2018
MODEC, Inc. (“MODEC,” head office: Chuo-ku, Tokyo; President & CEO: Toshiro Miyazaki),
Mitsui & Co., Ltd. (“Mitsui,” head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo
Yasunaga), Mitsui O.S.K. Lines, Ltd. (“MOL,” head office: Minato-ku, Tokyo; President &
CEO: Junichiro Ikeda), Marubeni Corporation (“Marubeni,” head office: Chuo-ku, Tokyo;
President & CEO: Fumiya Kokubu) and Mitsui E&S Holdings Co., Ltd. (“Mitsui E&S”, head
office: Chuo-ku, Tokyo; President & CEO: Takao Tanaka) have agreed that Mitsui, MOL,
Marubeni and Mitsui E&S will invest in a long-term charter business (“the Project”) currently
promoted by MODEC for the purpose of providing a floating production, storage, and
offloading system (“the FPSO”) for use in the Mero field off the coast of Brazil. The above
five companies (“the Companies”) have entered into related agreements today.MODEC
https://www.marubeni.com/en/news/2018/release/20180511_2.pdf#1525964400