Brief: Mitsui to take part in ultra-deepwater FPSO charter project for Sepia Area of Brazilian offshore pre-salt oil field

Mitsui E&S

09/01/2018 07:07

Jan 9 (Reuters) - Mitsui & Co Ltd  8031.T   
    
    * Says Mitsui O.S.K. Lines, Ltd.(MOL), Marubeni Corp 
 8002.T , 
Mitsui Engineering & Shipbuilding Co., Ltd  7003.T  (MES) and 
the co entered into agreements with MODEC Inc, to invest in a 
long-term charter business (the project) currently promoted by 
MODEC for the purpose of providing a floating production, 
storage, and offloading system (the FPSO )for use in the Sepia 
Area off the coast of Brazil 
    * Based on these agreements, MOL, Marubeni, MES and the co 
will 
invest in Sepia MV30 B.V. (MV30), a Dutch company established by 
MODEC  
    * Says MV30 has entered into a long-term (21 years) charter 
agreement for the deployment of the FPSO with Brazilian state 
oil company Petróleo Brasileiro S.A. on Oct. 13, 2017 
 
    Source text in Japanese: https://goo.gl/9rx8bB 
    Further company coverage: 8031.T  8002.T  7003.T  
 
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