MCO Receives Order for 6 Sets of FPSO On-board Compressor Package

MCO received the order from MODEC Offshore Production System (Singapore) Pte Ltd., a subsidiary of MODEC Inc., MCO will be responsible for the design, procurement, manufacture and yard test of the compressor packages.

The FPSO, with compressor package on board, is slated to arrive at Cernambi South area, approximately 300 kilometers south of Rio de Janeiro, 3Q of 2014. The FPSO will have a capacity to produce 150,000 barrels (approximately 24,000 cubic meters) of crude oil and 280 million standard cubic feet (approximately 8,000,000 cubic meters) of gas per day.

Previously, MCO delivered compressors in 2011 for a FPSO, which Petrobras is deploying for use at Sapinhoá field. MCO believes its design, manufacturing and engineering capability, including engineering services for various gas compression systems, contributed to the awarding of this order.

In Brazil, MCO has a good track record in equipment delivery, including that of compressors for pipelines, and recently it received an order of propane refrigerant compressors for gas processing plants. With added momentum through the latest order for compressor packages from MODEC, a leader in FPSO construction, MCO will further accelerate its global marketing activities for compressors in the resources and energy fields.