Japan, Oct. 8 -- Offshore Frontier Solutions Pte. Ltd. (OFS), an affiliate of Toyo Engineering Corporation (President and CEO Eiji Hosoi, TOYO), has moved into Phase Two of the Hammerhead Project awarded by MODEC in April, 2025. In this phase, OFS is responsible for the full scope of Engineering, Procurement, Construction, and Installation (EPCI) of Floating Production, Storage and Offloading System (FPSO). This milestone follows the Final Investment Decision (FID) by ExxonMobil Guyana.Phase One of the contract, covering Front-End Engineering and Design (FEED), has since been completed and OFS is advancing Phase Two- EPCI and execution readiness in line with project governance.The Hammerhead FPSO will have the capacity to produce 150,000 ba...