Japanese Giant MODEC Partners with African Finance Corporation for Offshore Infrastructure Push
Japan’s leading floating production specialist MODEC has signed a comprehensive cooperation agreement with the Africa Finance Corporation to jointly develop floating production, storage, and offloading units and other maritime infrastructure projects across the continent. The partnership creates a framework for future collaboration in technical and market studies, financing solutions, and project sourcing in Africa’s maritime infrastructure sector.
MODEC Group President and CEO Hirohiko Miyata expressed enthusiasm about the alliance, noting that “Africa is a core market for us with infinite potential for offshore development.” The Japanese company brings extensive West African experience, having delivered 11 units to the region and currently operating FPSO Prof. John Evans Atta Mills on Ghana’s TEN fields and providing operation and maintenance services for FPSO Léopold Sédar Senghor at Senegal’s Sangomar field.
The partnership comes as MODEC prepares to complete FPSO Errea Wittu for deployment in Guyana’s Stabroek block, combining development of the Snoek, Mako, and Uaru fields for ExxonMobil with delivery targeted for 2026.
Source: offshore-energy.biz
