Komori
Other Disclosures6269MODEC,INC.Machinery

Order Received for a SOFEC Mooring System for Mozambique Coral Norte FLNG

MODEC, Inc. has received an order for a SOFEC® Internal Turret Mooring System for the Coral Norte FLNG offshore Mozambique. Commissioned by the Technip Energies-JGC Joint Venture, MODEC will provide the mooring equipment for a project targeting the start of LNG production in 2028.

Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
360
Annual natural gas liquefaction capacity of approximately 3.6 million tonnes (3.6 MTPA)
Wording
Definitive
How definitive the wording is.

Announced details

SOFEC® Internal Turret Mooring SystemSOFEC® Mooring Solutions
Applicable field (uses covered by this announcement)

FLNG offshore Mozambique, the offshore energy sector, and natural gas liquefaction production

Launch date2028 (planned): target start of LNG production. The start date for provision of the mooring system is Not disclosed
Relationship between the counterparty and the company
MODEC,INC.6269
Relationship with the Company

MODEC, Inc. received an order from, and was commissioned by, the Technip Energies-JGC Joint Venture to provide the mooring system.

CounterpartyTechnip Energies-JGC Joint Venture

A joint venture between Technip Energies and JGC. The documents state that it commissioned the Coral Norte FLNG project.

Location (as indicated in this announcement)

Annual natural gas liquefaction capacity of approximately 3.6 million tonnes (3.6 MTPA)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredSOFEC® Internal Turret Mooring System, SOFEC® Mooring Solutions
CounterpartyTechnip Energies-JGC Joint Venture
Counterparty overviewA joint venture between Technip Energies and JGC. The documents state that it commissioned the Coral Norte FLNG project.
Relationship with the CompanyMODEC, Inc. received an order from, and was commissioned by, the Technip Energies-JGC Joint Venture to provide the mooring system.
Launch date2028 (planned): target start of LNG production. The start date for provision of the mooring system is Not disclosed
Applicable areaFLNG offshore Mozambique, the offshore energy sector, and natural gas liquefaction production
Location scaleAnnual natural gas liquefaction capacity of approximately 3.6 million tonnes (3.6 MTPA)
Items this document does not state (11)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationQuantitative EffectsUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To incorporate the results demonstrated and lessons learned at Coral Sul FLNG into the design, thereby improving efficiency and performance. The project will also contribute to large-scale gas development in Mozambique, strengthen local capabilities and establish a foundation for future projects in the region.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Order Received for a SOFEC Mooring System for Mozambique Coral Norte FLNG | MODEC,INC. (6269) timely disclosure | Komori