Ratos associated company Aibel awarded major FPSO contract
MODEC, a leading provider of floating solutions for the global offshore oil and gas industry, has awarded Aibel a Letter of Intent (LOI) in connection with MODEC’s supply of a new-built FPSO (Floating Production Storage and Offloading) to Equinor for the Bacalhau field in Brazil.The Letter of Intent covers a FEED (Front End Engineering Design) phase for basic engineering services with option for an EPC contract including detail engineering, bulk procurement and construction of approx. 20,000 tons topside modules for the giant FPSO vessel. Engineering work starts up immediately at the