MODEC’s FPSO Cidade de Niterói MV18 Reaches Denmark for Recycling After Marlim Leste Demobilization
MODEC said FPSO Cidade de Niterói MV18 has arrived at a ship recycling facility in Denmark after completing demobilization from the Marlim Leste field offshore Brazil. The unit departed Brazil on May 8, 2026, following the expiry of its charter and O&M services. MODEC had supported the Petrobras-contracted FPSO for approximately 17 years after first oil in February 2009, during which the vessel processed approximately 159 million barrels.
Confirmed development: FPSO Cidade de Niterói MV18 has completed its assignment at Marlim Leste, departed Brazil after demobilization on May 8, 2026 and arrived at an unnamed recycling facility in Denmark. MODEC states that the charter and O&M services have expired and that the FPSO will be recycled in accordance with applicable European Union and international ship-recycling requirements. The asset had produced since February 2009 and processed approximately 159 million barrels over about 17 years of MODEC charter and O&M service.
Analytical interpretation: The arrival in Denmark moves the FPSO from late-life demobilization into the recycling phase, indicating retirement rather than redeployment. The milestone removes a mature unit from the active FPSO fleet and closes a long-running Petrobras-related contract for MODEC. The work may create recycling and disposal activity at the receiving facility, although MODEC did not identify the facility or disclose the commercial value, recycling schedule or contract counterparties. Relationships extracted from this release remain subject to analyst review and are not represented as database-verified.