FPSO MODEC Venture 11, image: MODEC
SINGAPORE–Rig builder Keppel Corp. (BN4.SG) said Wednesday that its Keppel FELS Brasil unit has secured a floating production storage and offloading vessel contract valued at US$200 million.
In a filing to the Singapore Exchange, Keppel said that the contract was placed by Modec & Toyo Offshore Production Systems Pte. Ltd., a joint venture company established in Singapore by Toyo Engineering Corp. (6330.TO) and Modec Inc. (6269.TO).
The vessel is scheduled to be completed by the second quarter of 2014.
– P.R. Venkat, Dow Jones Newswires
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