MODEC, Inc. announced that the FPSO Almirante Barroso MV32, deployed for production operations at the Búzios field in the giant "pre-salt" region of the Santos Basin off the coast of Brazil, achieved First Oil production on May 31, 2023. The FPSO is leased on a 21-year me charter contract to Petróleo Brasileiro S.A. ("Petrobras"), the Brazilian giant oil company. The FPSO is the 15th FPSO/FSO vessel that MODEC has delivered to the Brazilian oil and gas sector and the 8th for the "pre-salt" region.

MODEC was responsible for its engineering, procurement, construcon, and mobilizaon, including topsides processing equipment as well as hull and marine systems. SOFEC, Inc., a MODEC group company, designed and provided the spread mooring system of the FPSO. Moored some 180 kilometers off the coast of Rio de Janeiro, at a water depth of approximately 1,900 meters, the FPSO is capable of processing 150,000 barrels of crude oil per day and 6,000,000 m3 of gas per day.