Shell hires MODEC for deepwater FEED contract to advance "major" deepwater project offshore Brazil

(WO) – MODEC Inc. has won the Front-End Engineering and Design (FEED) contract for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda (“Shell”) on the Gato do Mato development, offshore Brazil.

Gato do Mato FPSO will be moored at a water depth of approximately 2,000 m, some 250 km offshore Brazil. 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.

MODEC has previously delivered 16 FPSOs to Brazil and has 2 more under construction currently. The FPSO Gato do Mato would be the second unit to be delivered directly to Shell by MODEC for operation in Brazil.

MODEC President and CEO, Hirohiko Miyata, expressed his delight in securing the FEED project. “This milestone indicates the strong relationship between the two companies which now spans more than 20 years. We are excited about performing this FEED study for Shell.”