MOL, Modec and Mitsui & Co are teaming up to provide a 900,000-barrel FPSO in Mexico.
Japan's MOL and Mitsui have invested in Area1 Mexico MV34, a Dutch company established by Modec to engage in FPSO leasing, operations and maintenance services.
Modec will retain a 35% stake, with Mitsui having the same holding and MOL 30%.
