Coventry-based component manufacturer signs £multi million contract
A Coventry-based high-performance component manufacturer has secured a £multi million contract to a Japanese company which builds floating production units.
Meggitt PLC, which specialises in high performance components and subsystems for the aerospace, defence and energy markets, has secured the contract with Modec for the supply of Printed Circuit Heat Exchangers (PCHE) to the Bacalhau Floating Production Storage and Offloading (FPSO) vessel. Modec, which is headquartered in Japan, specialises in floating production storage vessels and mobile offshore production units.
The multi-million pound contract will be supplied by Anstyt Park-based Meggitt’s Heatric organisation.
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.
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.
Adrian Tattersall, General Manager of Meggitt’s Heatric organisation said, “This award builds on our long standing partnership with MODEC and demonstrates our ability to support customers with bespoke solutions in increasingly demanding environments. The Bachalau FPSO operates at an ultra-deep water depth of almost 2,050 meters and our innovative PCHE solution is designed to meet this challenge, operating at some of the highest design pressures in the industry”.