# Velan ABV wins MODEC valve supply contract for Brazilian FPSO

Velan ABV, a Velan subsidiary in Lucca, Italy, received a contract extension from MODEC to supply riser and topside actuated valves and compact manual ball valves for the FPSO MV31 Guanabara, deployed at the Mero field operated by Petrobras. Deliveries are due mid to late 2019; the article gives a combined value of US$63 million for two contracts.

- Type: Contract
- Announced: 2019-05-16
- Where: Lucca, Italy
- Status: announced
- Products: actuated valves, manual ball valves, high-pressure forged valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Velan](https://endata.com/companies/441.md) (supplier)
- [Petrobras](https://endata.com/companies/2820.md) (partner)
- [MODEC](https://endata.com/companies/3145.md) (customer)
- [Velan ABV](https://endata.com/companies/5027.md) (supplier)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/05/16/1826587/0/en/velan-is-awarded-two-major-contracts-worth-a-total-of-us-63-million.html), 2019-05-16: "Velan ABV signed contracts with MODEC for the supply of riser and topside actuated valves as well as compact manual ball valves for their new Floating Production Storage and Offloading (FPSO) MV31 Guanabara vessel."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/05/16/1826587/0/en/Velan-is-awarded-two-major-contracts-worth-a-total-of-US-63-million.html), 2019-05-16: "Velan ABV signed contracts with MODEC for the supply of riser and topside actuated valves as well as compact manual ball valves for their new Floating Production Storage and Offloading (FPSO) MV31 Guanabara vessel."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.