MODEC to supply FPSO for Eni’s Area 1 project in Mexico
MODEC has received a letter of intent for supply, charter, and operations of floating production storage and offloading (FPSO) vessel for Eni’s Area 1 project in Mexico.
Under the contract, the company will be responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO at the Area 1 project.
MODEC has received the LOI for the contract from Eni Mexico, a wholly owned subsidiary of Eni. With five one-year extension options, the firm...