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The US company plans to invest this modified floating production storage tanker into Brazil for oil and gas exploration and mining.
The Dalian branch of COSCO Shipyard successfully converted a 300,000-ton oil tanker (VLCC) of the US MODEC company into a floating production and storage tanker. Yesterday, the modified floating production and storage tanker was officially named "FPOSCidadedeNitfroiMv18". . This marks a major breakthrough and improvement in China's ship repair and modification technology.
For the first time, China converted 300,000 tons of oil tankers into production and storage vessels.