Marubeni, Mitsui and Mitsui OSK Lines (MOL) are to invest in a long-term charter business operated by Modec to provide a floating production, storage, and offloading vessel (FPSO) for operation offshore Brazil in the Cernambi Sul presalt area of the Santos Basin.
Construction of the ship will involve the conversion of the VLCC (very large crude oil carrier) Sunrise J, which will be renamed FPSO Cidade de Mangaratiba MV24.
It will be deployed to the Cernambi Sul area of block BM-S-11 in the third quarter of 2014.