Petrobras Suspends MODEC from Bidding for FPSO Projects

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    Greensea Systems
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    Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. The Japanese firm has also named a new CEO.

    MODEC, which sees Brazil as its main market, said last Thursday it had received a notification from Petrobras “that its eligibility to participate in new competitive bidding by Petrobras has been suspended for 13 months from March 31, 2021.

    Read more by visiting MarineLink.com

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