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FPSO Cidade de Campos dos Goytacazes MV29 from Modec Recognized by Major International Foundation, Positioning Brazil at the Forefront of the Fourth Industrial Revolution
MODEC announced on Wednesday (15) that one of its floating storage and transfer units (FPSO) has been selected by the World Economic Forum, a nonprofit foundation based in Switzerland, to join the Global Lighthouse Network, which consists of the leading organizations in applying Fourth Industrial Revolution technologies.
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The FPSO Cidade de Campos dos Goytacazes MV29, recognized by the World Economic Forum this time, is deployed in the Tartaruga Verde and Tartaruga Mestiça fields in the Campos Basin. MODEC was responsible for the engineering, procurement, construction, mobilization, and installation of the FPSO. MODEC has also been responsible for the operations and maintenance of the FPSO since 2018.
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The FPSO Cidade de Campos dos Goytacazes MV29 is the only offshore facility recognized by the Global Lighthouse Network. It is also the first time a Latin American facility and one operated by a Japanese company have been included in the network.
The selection of FPSO Cidade de Campos dos Goytacazes MV29 as a Lighthouse of the Fourth Industrial Revolution honors the fleet digitization project, along with the comprehensive management of cultural change and operational excellence developed by MODEC in response to its rapid growth in Brazil.
Today, the company has 10 vessels in operation in Brazil and another four (4) under construction. Globally, the company has one of the largest fleets in its segment, with 17 ships, and is present in Africa, Asia, and Oceania.
Digitization allows the company to better integrate its fleet, making operations safer and more efficient. With over 10,000 sensors installed on each vessel, MODEC has increased production by utilizing Advanced Analytics for predictive maintenance, a digital twin of its process plant, and a proprietary data platform to accelerate the development and deployment of new algorithms.
These techniques have allowed a 65% reduction in downtime for the FPSO Cidade de Campos dos Goytacazes MV29 since the onset of production, for example, making this installation a leader in the sector.
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