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Japanese companies proceeding forward with the Deepwater FPSO Charter Project

According to a recently released statement, MODEC, Inc., Mitsui & Co., Ltd,  Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Búzios field off the coast of Brazil. 

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