MODEC’s FPSO Vessel Recognized by the World Economic Forum as Lighthouse of the 4th Industrial Revolution/Press release

Tokyo, January 15, 2020

MODEC, Inc. (“MODEC”) is pleased to announce that one of its Floating Production Storage and Offloading (FPSO) vessels has been selected by World Economic Forum, a Swiss-based non-profit foundation, to join the Global Lighthouse Network of leaders in applying the technologies of the Fourth Industrial Revolution.

The FPSO Cidade de Campos dos Goytacazes MV29, recognized by World Economic Forum this time, is deployed for operations in the Tartaruga Verde and Tartaruga Mestiça fields in the Campos Basin offshore Brazil. MODEC was responsible for the engineering, procurement, construction, mobilization and installation of the FPSO. MODEC has also been responsible for operations and maintenance of the FPSO since 2018.

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