MODEC, Inc. announced that the FPSO Anita Garibaldi MV33 achieved First Oil production on August 16th, 2023. Deployed for production operations at the Marlim field in the Campos Basin off the coast of Brazil, the FPSO is leased on a 25-year time charter contract to Petroleo Brasileiro S.A. ("Petrobras"), the Brazilian giant oil company. This is one of the longest charters for MODEC to date.
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