Posted inJapan, Northeast Asia, World

Japan consortium to invest in floating facility to tap Brazil’s vast offshore oil deposits

A consortium of Japanese energy firms said on Tuesday that they’ve agreed to become long-term investors in a so-called floating production facility designed to tap Brazil’s vast offshore pre-salt oil deposits. UPI quotes Japanese energy company Marubeni as saying it has teamed up with floating production contractor MODEC, and Japanese transport company Mitsui O.S.K. Lines […]

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