Offshore Business
Broadening Our Horizons with Challenging New Offshore Business Projects
Latest News
- Feb 21, 2020MOL Signs Joint Development Agreement with DSME for Environmental Friendly FSRU Technology
- Nov 12, 2019MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Búzios Field of Brazilian Offshore Pre-Salt Oil Field
- Sep 27, 2019MOL, JBIC, and NOVATEK Sign Cooperation Agreement for LNG Transshipment Projects in Kamchatka and Murmansk
Outline of Services
With experience accumulated in the energy transport field with LNG carriers and tankers, MOL takes a proactive stance in developing its offshore business, a field positioned for significant growth in the future.
The offshore business is typified by floating storage and regasification units (FSRUs) and floating production, storage and offloading (FPSO) units. Unlike typical vessels used to transport oil or gas, these facilities are moored in specific locations. The business model for MOL's offshore operations shares many characteristics of the company's LNG carrier projects. MOL continues to take an assertive approach to expanding in this field, in which, as the only Japanese company with a track record of operating both LNG carriers and FSRUs, we can effectively leverage our decades of experience.
Photo courtesy: MODEC, Inc.
History
| 2006 | MOL orders two LNG vessels equipped with regasification system with Hoegh. |
|---|---|
| 2010 | MOL joins an FPSO project in Brazil |
| 2011 | MOL transfers cargo between LNG carriers in Tomakomai, the first ship-to-ship operation ever done in Japan |
| 2014 | MOL establishes Viken MOL to participate in the shuttle tanker business. |
| 2017 | MOL enters the self-elevating platform vessel business which installs wind power generation systems. MOL joins a floating LNG receiving terminal project in India. World's largest FSRU, the MOL FSRU Challenger, is launched. |
| 2018 | MOL makes a major move into the subsea support vessel business. |
| 2019 | MOL and Karpowership International B.V. agree to collaborate in the LNG-to-Powership business. |
Related URL: MOL Group