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Meggitt signs multi-million pound contract with MODEC
24th Aug 2020 07:36
(Sharecast News) - Aerospace and defence engineer Meggitt has signed a multi-million pound contract with Japan's MODEC - a specialist of floating production systems for the offshore oil and gas industry - for the supply of pioneering printed circuit heat exchanges.
Meggitt said on Monday that its Heatric business will supply the contract for MODEC's Bacalhau floating production storage and offloading (FPSO) vessel.
"The use of Meggitt's innovative PCHE technology in gas compression and gas injection processes enables superior performance at a fraction of the size and weight of other heat exchanger solutions, providing increased efficiency, flexibility and lower operating costs," the company said.
MODEC's Bacalhau vessel will be the largest FPSO ever delivered to Brazil with a topside designed to produce up to 220,000 barrels of crude oil per day.
Meggitt said on Monday that its Heatric business will supply the contract for MODEC's Bacalhau floating production storage and offloading (FPSO) vessel.
"The use of Meggitt's innovative PCHE technology in gas compression and gas injection processes enables superior performance at a fraction of the size and weight of other heat exchanger solutions, providing increased efficiency, flexibility and lower operating costs," the company said.
MODEC's Bacalhau vessel will be the largest FPSO ever delivered to Brazil with a topside designed to produce up to 220,000 barrels of crude oil per day.