The name of the FPSO will be Anita Garibaldi MV33 under Petrobras contract. the unit will operate for 25 years

To supply Petrobras, the presidents of MODEC, Mitsui, MOL and Marubeni agreed this Thursday (30) that they will make investments in a long-term charter business ("the Project") currently promoted by MODEC with the objective of supplying a Floating Storage and Offloading Unit (FPSO) system for use in the Marlim field offshore Brazil. The above four companies (“the Companies”) entered into related agreements on January 30, 2020.

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Based on these agreements, Mitsui, MOL and Marubeni will invest in Marlim1 MV33 BV (“MV33”), a Dutch company created by MODEC, and the companies will proceed with the project together. MV33 received a Letter of Intent for a long-term charter contract for the FPSO deployment in October 2019 from Petróleo Brasileiro SA or simply Petrobras. The FPSO will be chartered for 25 years under this charter agreement.

The FPSO will be named FPSO Anita Garibaldi MV33 and will be deployed in the Marlim field, in the Campos Basin. The field is located approximately 150 kilometers from Rio de Janeiro, on the southeast coast of Brazil. The FPSO will be moored at a depth of approximately 670 meters in 2022.

The project is the eighth time the companies have collaborated to operate FPSOs in Brazil.

FPSO MV33 Modec Basic Specifications

•  Oil processing capacity: 80.000 barrels per day
• Gas processing capacity: 248 million cubic feet per day
• Oil storage capacity: 1.000.000 barrels
• Mooring type: spread mooring （at a water depth of approximately 670 meters）

Shareholders of MV33

• MODEC, Inc.: 32,5%
• Mitsui & Co., Ltd.: 32,5%
• Mitsui OSK Lines, Ltd.: 20,0%
• Marubeni Corporation: 15,0%