Modec advances FPSO Gato do Mato construction

Modec has advanced to a new construction phase of the FPSO Gato do Mato for the Santos Basin pre-salt, carrying out hull block cutting at COSCO Qidong in China after forward block fabrication began earlier this year at Sumitomo in Japan. The unit is planned for installation at roughly 2,000 m water depth, with capacity up to 120,000 bpd and first oil targeted for 2029.