Shell (SHEL) awards a Front-End Engineering and Design contract to MODEC Inc. for a new FPSO system to work on the Gato do Mato ultra-deepwater development.
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.