MODEC has secured the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for the Hammerhead development. In April, the offshore contractor was granted a limited notice to proceed (LNTP), allowing it to begin designing the FPSO. This step was aimed at facilitating the earliest possible start-up of the project in 2029, pending necessary government approvals. Phase one of the contract, which focused on front-en ...