MODEC announced today the FPSO Cidade de Mangaratiba MV24 achieved first oil in October at block BM-S-11 in Santos Basin offshore Brazil
The vessel is on a 20-year charter to Tupi B.V.
a Dutch company owned by Petrobras Netherlands B.V
FPSO Cidade de Mangaratiba MV24 is capable of producing 150,000 bbls of oil per day and 280 million standard cubic feet of gas with a storage capacity of 1.6 million bbls of oil
She is jointly owned by MODEC and Schahin Group and was converted from the VLCC Sunrise J in 2012
MODEC notes this is the 9th FPSO they have provided offshore Brazil and their third to operate in the pre-salt after the FPSO Cidade de Angra dos Reis MV22 and the FPSO Cidade de Sao Paolo MV23
MODEC and their partner Schahin Group won a contract from Petrobras to provide a similar FPSO which will eventually be installed at block BM-C-36 in Campos Basin in 2017
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Marcio Kogan is unanimously regarded as one of the heirs to Brazilian Modernism
Strongly influenced by the now legendary ‘tropicalization’ of the European Modern Movement that occurred in his country between the 1930s and 1960s
the architect from São Paulo is the creator of a fair number of suburban villas inspired by the style of the most famous of the Brazilian masters
The Casa dos 7 pátios which he has recently completed in collaboration with Samanta Cafardo in the vicinity of the town of Mangaratiba – 85 kilometres west of Rio de Janeiro – belongs to this long lineage
It is a holiday home for a well-to-family family from Rio
A low horizontal plate nestling in a paradisiacal tropical panorama
the residence is noteworthy first of all for the relationship it establishes with its setting
On the privately owned stretch of coast of the district to which it belongs
the villa is wedged into a narrow lot between two other constructions that stand out against the background of luxuriant vegetation
“This house does exactly the opposite,” explains Kogan
“Its volume is almost imperceptible if you observe it from the sea
The slender slab that covers it traces a line between the sea and the forest behind.” In fact the two low blocks that make up the complex – one for the living area
the other for sleeping – open onto the ocean and the lush promontory respectively
and their articulation cuts out between them seven different open spaces (whence the name: ‘House of the Seven Patios’)
In the first building the walls are dematerialized into sliding glass panels
almost always open given the mild local temperatures
In the second they take the form of folding screens made out of eucalyptus twigs that filter the light without blocking the view
A thick brick wall clearly separates the five suites (opening onto the central courtyard and more small patios) from the units for the domestic staff
accessible solely through a narrow underground court
The latter is integrated into the system of paths that
leading to a comprehension of the volumes and the programmes of the site.”
Always attentive to the cinematic dimension of spaces – he has made over thirty short films – Kogan seems in fact to have imagined the routes through the house as though they were long tracking shots
all the spaces are designed to frame the line of the horizon
which in turn chimes with the roof of reinforced concrete and the infinity pool
“The modern masters are a constant reference for me,” declares the architect with conviction
have a more local flavour due to seats made of tropical wood
braided rugs and wicker lamps lend a cosy touch to this villa that rings new changes on a portfolio already filled with designs along similar lines
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Brazil commissioned a third Macaé-class patrol ship on 2 December in Rio de Janeiro
The Brazilian Navy commissioned NPa Maracanã (P72) – the fleet’s third Macaé-class NPa 500 patrol ship and the first one armed with a 40 mm BAE Systems Bofors 40 MK4 naval gun system – on 2 December
at state-owned shipyard Arsenal de Marinha do Rio de Janeiro (AMRJ)
the NPa Macaé (70) and NPa Macau (P71) commissioned from Indústria Naval do Ceará (INACE) in 2009 and 2010
and were armed with an ST Engineering 40 mm NADM330
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and is part of Modec’s strategy to diversify its financing sources for the company’s entire FPSO charter business
FPSO Cidade de Mangaratiba MV24 is currently in operation at the Iracema Sul oil field
in the giant pre-salt region offshore Brazil
The shareholders that owns the FPSO are MODEC
MODEC has 11 FPSO charter projects in operation around the world and four more under construction
which can be applied to both existing and new charter projects
MODEC is able to respond more flexibly to the recent burgeoning demand for FPSOs and thus establish a robust position in the FPSO industry,” the company stated
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Neymar Jnr's father was arrested on Thursday after carrying out banned construction on his son's Rio de Janeiro mansion
The arrest was part of an operation carried out by the local Mangaratiba Municipal Environment Department
alongside the Environmental Military Police
and the agents of the municipality's Environmental Protection Group
Neymar Da Silva Santos was said to be arguing with Mangaratiba's secretary of the environment
As per Brazilian outlet UOL Sport, Neymar Snr was released but the Paris Saint-Germain player's father was cautioned that those in charge of carrying out the work need 'more education'
The initial complaint of an environtmental crime
which has been reported to Mangaratiba City Hall
stemmed from a video Neymar Jnr posted to Instagram
which is thought to show an artificial lake that the former Barcelona player is building at his property
Looking forward to taking advantage of this amazing gift that (Genesis Ecossistemas) is making
is one that builds lakes and natural pools
The lake on Neymar Jnr's propoerty reportedly 'promotes deforestation
The investigation discovered a number of environmental infractions from the banned work
including 'the diversion of a water course
extraction of river water without authorisation
extraction of water for an artificial lake
and movement of stones and rocks without authorisation'
Neymar Snr was handed a fine estimated to be close to £822,000 (five million Brazilian reals) in view of the damage caused by the work to the property
His son recently hit the headlines after posting a puzzling public apology to his pregnant girlfriend Bruna Biancardi.
In a lengthy Instagram post, the PSG footballer vowed he'll 'try' to make their relationship work, and that he's 'done wrong.'
Neymar Jnr's post came just days after reports that the couple have agreed upon a list of conditions in their relationship which allow the world record signing to be unfaithful.
Neymar's father 'is ARRESTED for environmental crime'Commenting on this article has endedNewest{{#isModerationStatus}}{{moderationStatus}}
Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance an FPSO vessel chartered to the TUPI consortium led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business
The Japanese company said in a statement on Thursday that
the number of FPSO charter projects simultaneously executed by MODEC is increasing and the scale of financing for these projects is also expanding
In response to these changes in the business environment
the aims of issuing the project bond are to enhance MODEC Group’s financial stability by diversifying its financing sources for FPSO projects
as well as to secure financing flexibility for the future growth of the MODEC Group
This project bond was issued for the FPSO Cidade de Mangaratiba MV24
which has been deployed and is currently in operation at the Iracema Sul oil field
in the giant “pre-salt” region offshore Brazil
The shareholders of Cernambi Sul MV24 B.V.
The FPSO is currently chartered by a consortium formed by Petrobras (65%)
Shell (25%) and Petrogal Brasil (10%) under a fixed-price charter contract that extends until 2034
The FPSO achieved the first oil production in October 2014 at which time the 20-year charter of the FPSO began
A MODEC Group company in Brazil is also providing operations and maintenance services for the FPSO
which accounts for approximately 4% of Brazil’s daily hydrocarbon production
The capital cost for the construction of the FPSO was originally financed by equity capital from the four sponsors of Cernambi Sul MV24 B.V.
as well as by project finance from the Japan Bank for International Cooperation (JBIC) and commercial banks
Proceeds from the issuance of the project bond were used to refinance the project finance and make a distribution to sponsors
MODEC said that this transaction marks the first project bond for an FPSO project sold in the Regulation S/Rule 144A market
and was sold to a broad range of international investors outside Japan
total investor demand for the issue was approximately two-times the issue amount of the $1.1 billion project bond
MODEC is currently carrying out 11 FPSO charter projects simultaneously all over the world
and four more FPSOs are currently under construction
MODEC is able to respond more flexibly to the recent burgeoning demand for FPSOs and thus establish a robust position in the FPSO industry
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Crocked striker Neymar will fight to get fit for the World Cup in this spectacular six-bed mansion near Rio de Janeiro with its own helipad
The Brazil superstar rested at the £6million villa in the paradise resort of Mangaratiba overnight after jetting home from Paris for surgery
And after his operation on a broken metatarsal in his right foot — which is expected to take place on Saturday at Mater Dei Hospital in Belo Horizonte — he will return to the home he bought in October 2016 and first used during a Christmas break two months later.
The mansion is built on a two-and-a-half-acre plot on an upmarket gated estate called Portobello and, as well as the helipad and jetty, boasts a sauna, massage room, a spa and a heated Jacuzzi along with an underground cellar with space for 3,000 bottles of wine.
Neymar's neighbours include footballer Emerson Sheik and Brazilian Emmy-nominated actress Adriana Esteves.
A local described the property as a 'dream home' when it first emerged Neymar had bought it.
He showed off the swimming pool of the mansion on Instagram soon after he made the multi-million-pound purchase by posting a photo of him with friends in the water alongside the caption: 'In life people only need love and friends.'
The villa is a short drive from famous Angra Dos Reis, a popular getaway for Rio residents and a beautiful mirage of 365 islands.
Brazil team doctor Rodrigo Lasmar has said the £198m Paris Saint Germain star will need up to three months to recover and Brazil play their opening World Cup match in Russia on June 17 against Switzerland.
But Brazil's physical trainer Fabio Mahseredjian said he was sure the footballer would be fit for the tournament despite Neymar being pictured in a wheelchair this week.
He said: 'First he's an athlete that looks after himself. Secondly he doesn't have weight problems and doesn't put on weight easily and that's a very favourable factor. Thirdly he's a young person. The time he's got is enough to make sure he's ready for his country's first World Cup game.'
Neymar to recover from foot surgery at spectacular £6m Brazil mansionCommenting on this article has endedNewest{{#isModerationStatus}}{{moderationStatus}}
A ‘major construction’ project at Brazilian football star Neymar’s mansion in Rio de Janeiro state was halted on Thursday for ‘environmental infractions’
which could result in a fine of some $1 million
The project was underway ‘without environmental authorization’ on the Paris Saint-Germain and Brazil national team player’s luxury property in Mangaratiba
some 130 kilometers (80 miles) from Rio de Janeiro
the mayor’s office said in a statement
alerted by complaints posted on social media
discovered ‘various environmental infractions’
and the unauthorized extraction of water from a river
They also discovered unauthorized excavation and movement of earth
as well as the use of beach sand without a permit
‘The next step will be to make an assessment of the irregularities found and issue a fine which
according to estimates and in view of the environmental damage caused
will not be less than five million reais (about $1 million)’
was on site during the inspection and can be heard arguing with officials in a video published by authorities and carried by local media
it sits on 10,000 square meters (2.5 acres) of land and includes a helipad
The 31-year-old striker is currently recovering from an operation on his right ankle
and doubts have arisen as to whether he will remain at PSG