MODEC has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 project in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore Senegal. Following the FPSO purchase contract which was signed between Woodside and MODEC on January 10, 2020, with respect to the supply of the FPSO, MOSEN will be responsible for the operations and maintenance of the FPSO. The operations and maintenance contract will cover all in-country installation and commissioning activities following which an initial 10 year operations and maintenance term will commence. Extension options are allowed for every year thereafter up to 10 additional years.