Komori
Other Disclosures6269MODEC,INC.Machinery

FPSO Gato do Mato, the first to use the Next Generation Hull design: bow section departs for completion at a Chinese shipyard

The bow section of the Gato do Mato FPSO has been completed and departed Japan. It is scheduled to proceed to the next construction phase, in which it will be integrated with the stern section under construction in China.

Worth reading
66In 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
120000
barrels per day (crude oil production capacity)
Wording
Conditional
How definitive the wording is.

Announced details

FPSO Gato do MatoNext Generation Hull(NGH)SOFEC® Spread Mooring
Applicable field (uses covered by this announcement)

Offshore energy development, crude oil production, storage, and offloading offshore Brazil

What the company reported numerically
Usage history

The 19th FPSO/FSO for Brazil and Shell's second FPSO for a project in Brazil

Relationship between the counterparty and the company
MODEC,INC.6269
Relationship with the Company

The company has previously collaborated with SHI-ME on conversion projects and is collaborating with it on a newbuild hull for this project. For Shell, the company is providing its second FPSO for a project in Brazil. In the Orca field, Shell is the operator, Ecopetrol is a partner, and PPSA is the contract manager.

CounterpartySUMITOMO HEAVY INDUSTRIES,LTD. (SHI-ME)ShellEcopetrolPPSA

SUMITOMO HEAVY INDUSTRIES,LTD. operates the Yokosuka Shipyard. Shell is involved in projects in Brazil and is the operator of the Orca field. Ecopetrol is a partner in the field. PPSA is the manager of the Production Sharing Contract. Other details, including location, representative, capital, and year established, are not disclosed.

Location (as indicated in this announcement)

SUMITOMO HEAVY INDUSTRIES,LTD.'s Yokosuka Shipyard, a construction yard in China, and offshore waters approximately 200 km south of Rio de Janeiro, Brazil

Parallel construction at three shipyards. The FPSO is scheduled to be installed in waters approximately 2,000 m deep.

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

Announced details
ItemDetails
Names of Products / Services CoveredFPSO Gato do Mato, Next Generation Hull(NGH), SOFEC® Spread Mooring
CounterpartySUMITOMO HEAVY INDUSTRIES,LTD. (SHI-ME), Shell, Ecopetrol, PPSA
Counterparty overviewSUMITOMO HEAVY INDUSTRIES,LTD. operates the Yokosuka Shipyard. Shell is involved in projects in Brazil and is the operator of the Orca field. Ecopetrol is a partner in the field. PPSA is the manager of the Production Sharing Contract. Other details, including location, representative, capital, and year established, are not disclosed.
Relationship with the CompanyThe company has previously collaborated with SHI-ME on conversion projects and is collaborating with it on a newbuild hull for this project. For Shell, the company is providing its second FPSO for a project in Brazil. In the Orca field, Shell is the operator, Ecopetrol is a partner, and PPSA is the contract manager.
Applicable areaOffshore energy development, crude oil production, storage, and offloading offshore Brazil
LocationSUMITOMO HEAVY INDUSTRIES,LTD.'s Yokosuka Shipyard, a construction yard in China, and offshore waters approximately 200 km south of Rio de Janeiro, Brazil
Location scaleParallel construction at three shipyards. The FPSO is scheduled to be installed in waters approximately 2,000 m deep.
Usage historyThe 19th FPSO/FSO for Brazil and Shell's second FPSO for a project in Brazil
Items this document does not state (10)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsImpact 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 make effective use of shipyard capacity and optimize the construction schedule through a multi-yard approach involving parallel construction at three shipyards, thereby strengthening project execution while maintaining quality and safety.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
FPSO Gato do Mato, the first to use the Next Generation Hull design: bow section departs for completion at a Chinese shipyard | MODEC,INC. (6269) timely disclosure | Komori