Latest news with #FloatingProductionStorageandOffloading
Hans India
2 days ago
- Automotive
- Hans India
TOYO and MODEC Officially Open Global Capability Center in Bengaluru; set to hire 750 employees over three years
Bengaluru Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) announced today the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new center marks a significant milestone in the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. 'Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise,' said Eiji Hosoi, President & CEO, Toyo Japan. Strategically located in the heart of Bengaluru—India's Silicon Valley—the GCC is designed to nurture a collaborative, high-performance culture with a focus on innovation, sustainability, and continuous improvement. 'By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients,' said Hirohiko Miyata, President & CEO, MODEC. Occupying approximately 100,000 sq ft on the 7th floor of Godrej Centre Indiranagar, Bengaluru, the GCC is set to create numerous high-value job opportunities in engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years. The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul General of Japan in Bengaluru, who welcomed TOYO and MODEC's investment as a testament to the value of India's capabilities and global outlook. He said, 'Japan and India's long term economic ties have continued to flourish across sectors such as infrastructure, technology and manufacturing. The establishment of OFS has added a feather to the cap of Japan-Karnataka collaborations in the niche field of oil production and offshore industry. Bengaluru in particular, stands as a symbol of India's technological prowess, digital expertise and global outlook. It is the most coveted location for GCCs in India, hosting some of the world's best companies. A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects.' The event was attended by senior leaders from TOYO and MODEC's global and regional teams, along with industry guests, partners, and employees.
Trade Arabia
06-04-2025
- Business
- Trade Arabia
Drydocks World wins FPSO refurbishment contract
Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO Baobab Ivoirien, by Modec Management Services, further strengthening its position as a global leader in complex offshore asset upgrades. Set to commence in May 2025, the eight-month expedited project on the Floating Production Storage and Offloading (FPSO) vessel will involve extensive structural enhancements, including 1,000 tonnes of steel renewal, 250,000 sq m of tank coating, and 11,500 m of new piping. The scope also covers enhancements to crew living quarters and integration of advanced technologies to boost its efficiency and reliability. Upon completion, the vessel's lifespan will be extended by 15 years, ensuring sustained energy production for West Africa. Drydocks World, a DP World company, has a proven track record in vessel refurbishments, life extensions and conversions, having successfully completed over 50 similar projects, including more than 30 FPSO upgrades. This latest contract underscores its unmatched expertise in offshore engineering and life extension solutions while reaffirming its commitment to delivering tailored solutions that meet the unique operational needs of its clients. The FPSO Baobab Ivoirien plays a crucial role in West Africa's offshore production, with a processing capacity of 70,000 barrels of oil per day (bpd) and 75 million cubic feet of natural gas. It can also inject 100,000 bpd of water and store up to two million barrels of crude oil. The vessel, currently operating at the Baobab oil field, 25 km off the coast of Côte d'Ivoire, will relocate to Drydocks World's Dubai facility for its eight-month refurbishment. The contract signing ceremony, held at Drydocks World, was attended by Rado Antolovic, CEO of Drydocks World, and Gary Kennedy, President of MODEC Management Services. Capt Rado Antolovic PhD, CEO of Drydocks World, said: 'Signing this agreement with Modec highlights our expertise in complex FPSO refurbishment and life extension projects. Our proven track record in executing large-scale offshore engineering works positions us as the ideal partner to enhance the vessel's longevity, efficiency, and operational safety. We are proud to support MODEC in ensuring the long-term efficiency and reliability of its FPSO.' Gary Kennedy, President, Modec Management Services, said: "This contract award is the result of a rigorous selection process to find the best partner for this critical project. Drydocks World's extensive experience in FPSO upgrades and their commitment to quality and safety made them the ideal choice. The vessel's deepwater operations demand precise refurbishment and life-extension measures to overcome complex engineering and operational challenges, while ensuring efficiency and long-term safety. 'We look forward to working closely with Drydocks World to deliver a revitalised vessel that will continue to play a key role in Côte d'Ivoire's offshore production."
Al Bawaba
24-03-2025
- Business
- Al Bawaba
Drydocks World Secures FPSO Baobab Ivoirien Refurbishment And Life Extension Project
Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO BAOBAB IVOIRIEN, by MODEC Management Services Pte. Ltd., further strengthening its position as a global leader in complex offshore asset upgrades. Set to commence in May 2025, the eight-month expedited project on the Floating Production Storage and Offloading (FPSO) vessel will involve extensive structural enhancements, including 1,000 tonnes of steel renewal, 250,000 square meters of tank coating, and 11,500 meters of new piping. The scope also covers enhancements to crew living quarters and integration of advanced technologies to boost its efficiency and reliability. Upon completion, the vessel's lifespan will be extended by 15 years, ensuring sustained energy production for West Africa. Drydocks World, a DP World company, has a proven track record in vessel refurbishments, life extensions and conversions, having successfully completed over 50 similar projects, including more than 30 FPSO upgrades. This latest contract underscores its unmatched expertise in offshore engineering and life extension solutions while reaffirming its commitment to delivering tailored solutions that meet the unique operational needs of its clients. The FPSO BAOBAB IVOIRIEN plays a crucial role in West Africa's offshore production, with a processing capacity of 70,000 barrels of oil per day (bpd) and 75 million cubic feet of natural gas. It can also inject 100,000 bpd of water and store up to two million barrels of crude oil. The vessel, currently operating at the Baobab oil field, 25 km off the coast of Côte d'Ivoire, will relocate to Drydocks World's Dubai facility for its eight-month refurbishment. The contract signing ceremony, held at Drydocks World, was attended by Rado Antolovic, CEO of Drydocks World, and Gary Kennedy, President of MODEC Management Services Pte. Ltd. Capt. Rado Antolovic PhD, CEO of Drydocks World, said: 'Signing this agreement with MODEC highlights our expertise in complex FPSO refurbishment and life extension projects. Our proven track record in executing large-scale offshore engineering works positions us as the ideal partner to enhance the vessel's longevity, efficiency, and operational safety. We are proud to support MODEC in ensuring the long-term efficiency and reliability of its FPSO.' Gary Kennedy, President, MODEC Management Services Pte. Ltd., said: "This contract award is the result of a rigorous selection process to find the best partner for this critical project. Drydocks World's extensive experience in FPSO upgrades and their commitment to quality and safety made them the ideal choice. The vessel's deepwater operations demand precise refurbishment and life-extension measures to overcome complex engineering and operational challenges, while ensuring efficiency and long-term safety. 'We look forward to working closely with Drydocks World to deliver a revitalised vessel that will continue to play a key role in Côte d'Ivoire's offshore production."Originally converted in 2003 from an Ultra Large Crude Carrier (ULCC), FPSO BAOBAB IVOIRIEN was designed with expandable topsides to maximize offshore production capacity. FPSOs like this are essential in deepwater operations, enabling crude oil and gas processing at sea before transferring resources to tankers or World remains at the forefront of offshore innovation, delivering world-class engineering solutions that enhance asset performance, longevity, and sustainability in the global energy sector.
Zawya
24-03-2025
- Business
- Zawya
Drydocks World secures FPSO Baobab Ivoirien refurbishment and life extension project
Dubai, UAE: Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO BAOBAB IVOIRIEN, by MODEC Management Services Pte. Ltd., further strengthening its position as a global leader in complex offshore asset upgrades. Set to commence in May 2025, the eight-month expedited project on the Floating Production Storage and Offloading (FPSO) vessel will involve extensive structural enhancements, including 1,000 tonnes of steel renewal, 250,000 square meters of tank coating, and 11,500 meters of new piping. The scope also covers enhancements to crew living quarters and integration of advanced technologies to boost its efficiency and reliability. Upon completion, the vessel's lifespan will be extended by 15 years, ensuring sustained energy production for West Africa. Drydocks World, a DP World company, has a proven track record in vessel refurbishments, life extensions and conversions, having successfully completed over 50 similar projects, including more than 30 FPSO upgrades. This latest contract underscores its unmatched expertise in offshore engineering and life extension solutions while reaffirming its commitment to delivering tailored solutions that meet the unique operational needs of its clients. The FPSO BAOBAB IVOIRIEN plays a crucial role in West Africa's offshore production, with a processing capacity of 70,000 barrels of oil per day (bpd) and 75 million cubic feet of natural gas. It can also inject 100,000 bpd of water and store up to two million barrels of crude oil. The vessel, currently operating at the Baobab oil field, 25 km off the coast of Côte d'Ivoire, will relocate to Drydocks World's Dubai facility for its eight-month refurbishment. The contract signing ceremony, held at Drydocks World, was attended by Rado Antolovic, CEO of Drydocks World, and Gary Kennedy, President of MODEC Management Services Pte. Ltd. Capt. Rado Antolovic PhD, CEO of Drydocks World, said: 'Signing this agreement with MODEC highlights our expertise in complex FPSO refurbishment and life extension projects. Our proven track record in executing large-scale offshore engineering works positions us as the ideal partner to enhance the vessel's longevity, efficiency, and operational safety. We are proud to support MODEC in ensuring the long-term efficiency and reliability of its FPSO.' Gary Kennedy, President, MODEC Management Services Pte. Ltd., said: "This contract award is the result of a rigorous selection process to find the best partner for this critical project. Drydocks World's extensive experience in FPSO upgrades and their commitment to quality and safety made them the ideal choice. The vessel's deepwater operations demand precise refurbishment and life-extension measures to overcome complex engineering and operational challenges, while ensuring efficiency and long-term safety. 'We look forward to working closely with Drydocks World to deliver a revitalised vessel that will continue to play a key role in Côte d'Ivoire's offshore production." Originally converted in 2003 from an Ultra Large Crude Carrier (ULCC), FPSO BAOBAB IVOIRIEN was designed with expandable topsides to maximize offshore production capacity. FPSOs like this are essential in deepwater operations, enabling crude oil and gas processing at sea before transferring resources to tankers or pipelines. Drydocks World remains at the forefront of offshore innovation, delivering world-class engineering solutions that enhance asset performance, longevity, and sustainability in the global energy sector. For more information, please contact: Drydocks World Marija Boskovic / Shamsa AlMehairi / About Drydocks World Over the past 40 years, Drydocks World, a DP World Company, has become a leading provider of marine and offshore services to the shipping, oil, gas, and renewable energy sectors. Conceived as an ambitious project under the guidance of H.H. Sheikh Rashid Bin Saeed Al Maktoum the late Ruler of Dubai, the yard is strategically located in a rapidly developing region of the world. Drydocks World completes over 300 projects a year on average, with a record of handling 42 refurbishment projects simultaneously. Located next to Dubai's Port Rashed, the yard is spread over 200 hectares and includes three graving docks and a floating dock, as well as more than 3,700m of berth space. It also boasts an in-house-built floating crane, which can lift 2,000 metric tonnes, including the weight of lifting gear for all types of heavy lift operations. The facilities have allowed Drydocks World to break records in constructing some of the largest new build offshore fabrications in the world. Drydocks World aims to consistently deliver excellence and achieve further success for the UAE's maritime industry, positioning Drydocks World as an international yard of choice. About DP World DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimising disruptions from the factory floor to the customer's door. WE MAKE TRADE FLOW
