Mitsubishi Corp. Participates in FPSO Project in Brazil
Mitsubishi Corporation (MC), together with Nippon Yusen Kabushiki Kaisha (NYK Line), has entered into a joint venture with SBM Offshore N.V. (SBM), a global leader in the FPSO sector, for the charter, operation, and maintenance of a Floating, Production, Storage, and Offloading (FPSO) system for Petrobras.
To be installed at the Mero Oil Field off the Brazilian coast, this FPSO, named FPSO Sepetiba, is scheduled to commence operations in 2022. Through its participation, MC will help develop and ensure stable production from offshore oil and gas resources in Brazil.
This will be MC’s fifth joint FPSO project with SBM and its first in six years in Brazil, the last being the Cidade de Marica and Cidade de Saquarema FPSOs in 2013. MC plans to continue expanding its FPSO and other offshore businesses around the world.
Source / More : Mitsubishi Corp.
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