The company’s offshore division will supply each FPSO offloading system package that includes two offloading hose reel assemblies, two tandem mooring systems, one emergency offloading station, two hydraulic systems, and other ancillary equipment.

Under the contract, the first package will be placed on to one of MODEC’s FPSO vessels under its lease agreement with Petrobras, while the other four packages have been ordered for the conversion of four additional FPSO vessels by EEP.

Each FPSO vessel can process around 150,000 barrels of oil per day and can store around 1.6 million barrels of oil.

The vessels can be moored in deepwater oil fields located in the Santos Basin, off the coast of Brazil.

IHC Merwede said that the FPSOs can offload approximately one million barrels of oil to shuttle tankers within a 24-hour period using its new systems.

IHC offshore commercial director René Raaijmakers said, "We have enjoyed a long and successful relationship with MODEC, and this is set to continue thanks to the reliability and efficiency of our production processes and products."