Mitsui O.S.K. Lines
  • About MOL

    About MOL

    About MOL Top

    • Corporate Profile
    • Corporate Principles
    • Directors, Auditors and Executive Officers
    • Organization
    • Compliance
    • History
    • Location
    • MOL Group
    • Corporate Brochure/Video

  • MOL Services

    MOL Services

    MOL Services Top

    • Dry Bulk Transport Dry Bulkers
    • Energy Transport Tankers
    • Energy Transport LNG Carriers
    • Energy Transport Offshore Business
    • Product Transport Car Carriers
    • Product Transport Ferries and Coastal RoRo Vessels
    • Product Transport Containerships
    • Product Transport Terminal
    • Product Transport Logistics
    • Associated Businesses Cruise Ship
    • Associated Businesses Tugboat

  • Sustainability

    Sustainability

    Sustainability Top

    • Sustainability Issues (Materiality)
      • Overview of MOL's Sustainability Issues (Materiality)
      • Sustainability Dialogue
      • ESG Finance
    • Safe Operation
      • Safe Operation Management Structure
      • Cultivating a Safety Culture
      • Education and Training
      • Safe Operation Support System
      • Facilities and Equipment that Support Safe Operation
      • Safe Operation Supporting Yamal LNG Project
    • Technological Innovation
      • Technology Innovation Unit
      • Technological Innovation - MOL's Projects
      • Tracking MOL's Ship Technologies
    • ICT Strategy
      • Organizational Structure to Promote ICT Strategy
      • Examples of ICT Strategies
    • Environment
      • Environmental Policy Statement
      • MOL Group Environmental Vision 2.0
      • Promoting Environmental and Emission Free Businesses
      • Ocean Shipping's Impact on the Environment
      • Organizational Structure
      • Regulations
      • Prevention of Global Warming
      • Prevention of Air Pollution
      • Conservation of Ocean Environment
      • Conservation of Biodiversity
      • Aiming for Leadership in Environmental Protection
      • Group Companies' Initiatives
      • Environmental Activities Results
      • Environmental Data
    • Human Resources
      • Group's Common Sense of Values, MOL CHART
      • Global Human Resources
      • Promotion of Diversity
      • MOL Group's Workstyle Reforms
      • MOL's Health and Productivity Management
      • Human Resources Data
    • Social Contribution Activities
      • MOL's primary social contribution activities
    • Dialogue with Stakeholders
    • External Recognition
    • MOL Report (to IR Library)
      Safety, Environmental and Social Report (Back Issues)

  • Investor Relations

    Investor Relations

    Investor Relations Top

    • Management Policy
      • Message from the CEO
      • Management Plan
      • IR Policies
      • Risk Management
    • Corporate Governance
      • Approaches to Corporate Governance
      • Corporate Governance Initiatives
      • MOL Corporate Governance Organizational Structure
      • Corporate Governance Report
      • Dialogue between Outside Officers
    • Financial Information
      • Latest Financial Results
      • Financial Data
    • IR Library
      • IR News
      • Financial Highlights
      • Business Performance
      • Investor Guidebook
      • Market Data & Monthly Lifting Data of ONE
      • Business Segment IR Meetings
      • MOL Report
      • Business Report
    • Share & Corporate Bond
      • General Share Information
      • Dividends
      • General Meeting of Shareholders
      • Articles of Incorporation
      • Corporate Bond & Ratings
      • Analyst Coverage
      • Share Price (Euroland)
    • IR Event Calendar
    • FAQ
    • Contact IR Office
    • IR Email Updates
    • Disclamer

  • Press Release
  • Contact Us
  • Service Site

JP.

Close

Top Page > Press Release 2019 > MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Búzios Field of Brazilian Offshore Pre-Salt Oil Field

Japanese

MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Búzios Field of Brazilian Offshore Pre-Salt Oil Field

November 12, 2019

MODEC, Inc.
Mitsui & Co., Ltd.
Mitsui O.S.K. Lines, Ltd.
Marubeni Corporation

MODEC, Inc. ("MODEC," head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo Yasunaga), Mitsui O.S.K. Lines, Ltd. ("MOL," head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Marubeni Corporation ("Marubeni," head office: Chuo-ku, Tokyo; President & CEO: Masumi Kakinoki) have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business ("the Project") currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system ("the FPSO") for use in the Búzios field off the coast of Brazil. The above four companies ("the Companies") have entered into related agreements on 12th November 2019.

Based on these agreements, Mitsui, MOL and Marubeni will invest in Buzios5 MV32 B.V. ("MV32"), a Dutch company established by MODEC, and the Companies will proceed with the Project jointly. MV32 has entered into a long-term charter agreement for the deployment of the FPSO with Petróleo Brasileiro S.A. (Petrobras), the Brazilian state oil company. The FPSO will be chartered for 21 years under this charter agreement which was signed on 24th September 2019.

The FPSO will be named FPSO Almirante Barroso MV32 and will be deployed at the Búzios field located in the giant "pre-salt" region of the Santos Basin. The field is located approximately 180 kilometers from Rio de Janeiro, in the southeast coast of Brazil. FPSO will be moored in 1,900 meters water depth, in the year of 2022.

The Project is the seventh occasion under which the Companies have collaborated to operate FPSOs in Brazil.

Outline of the FPSO

Oil processing capacity 150,000 barrels per day
Gas processing capacity 212 million cubic feet per day
Oil storage capacity 1,400,000 barrels
Mooring type Spread mooring(at a water depth of 1,900 meters)

Shareholders of MV32

MODEC, Inc. 35.0%
Mitsui & Co., Ltd. 35.0%
Mitsui O.S.K. Lines, Ltd. 20.0%
Marubeni Corporation 10.0%

Contacts for further information

  • MODEC, Inc.
    General Affairs Department
    Telephone: +81-3-5290-1200
    Facsimile: +81-3-5290-1505
  • Mitsui & Co., Ltd.
    Investor Relations Division
    Telephone: +81-3-3285-7657
    Facsimile: +81-3-3285-9821
  • Mitsui & Co., Ltd.
    Corporate Communications Division
    Media Relations Department
    Telephone: +81-3-3285-7596
    Facsimile: +81-3-3285-9819
  • Mitsui O.S.K. Lines, Ltd.
    Corporate Communication Division
    Media Relations Group
    Telephone: +81-3-3587-7015
    Facsimile: +81-3-3587-7705
  • Marubeni Corporation
    Corporate Communications Department
    Media Relations Section
    Telephone: +81-3-3282-2452
    Facsimile: +81-3-3282-2331
  • Press Release
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
  • About MOL
  • Corporate Profile
  • Corporate Principles
  • Directors, Auditors and Executive Officers
  • Organization
  • Compliance
  • History
  • Location
  • MOL Group
  • Corporate Brochure/Video
  • MOL Services
  • Dry Bulkers
  • Tankers
  • LNG Carriers
  • Offshore Business
  • Car Carriers
  • Ferries and Coastal RoRo Vessels
  • Containerships
  • Terminal
  • Logistics
  • Cruise Ship
  • Tugboat
  • Sustainability
  • Sustainability Issues (Materiality)
  • Safe Operation
  • Technological Innovation
  • ICT Strategy
  • Environment
  • Human Resources
  • Social Contribution Activities
  • Dialogue with Stakeholders
  • External Recognition
  • MOL Report (to IR Library)
    Safety, Environmental and Social Report (Back Issues)
  • Investor Relations
  • Management Policy
  • Corporate Governance
  • Financial Information
  • IR Library
  • Share & Corporate Bond
  • IR Event Calendar
  • FAQ
  • Contact IR Office
  • IR Email Updates
  • Disclamer

Press Release

Contact Us

  • Privacy Protection Policies
  • Terms of Use
  • Sitemap

Copyright 1997- © Mitsui O.S.K.Lines All rights reserved.

PAGE TOP