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Petrobras adds more time on MODEC’s FPSO charter contract

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Brazil’s oil and gas company Petrobras has extended a time charter contract for the MODEC-owned FPSO Cidade de Niterói MV18 located offshore Brazil.

Petrobras has extended its contract with MODEC’s Dutch subsidiary and an owner of the FPSO Cidade de Niterói MV18, Opportunity MV18 B.V. (MV18), for the time charter of the FPSO with effect from February 2018 to March 2024, MODEC informed on Tuesday.

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