Modec, Mitsui, Mitsui OSK Lines, Marubeni and Mitsui E&S will collaborate on an ultra-deepwater Brazilian FPSO charter project.
The vessel will be posted at the Mero field offshore Brazil.
The partners will invest in Libra MV31 BV, a Dutch company established by Modec.
The FPSO will be chartered for 22 years under the new agreement, signed on December 14.
Due to begin work in 2021, the FPSO will be moored in 2,100 meters water depth .