Founded in 1968, MODEC has been providing competitive floating solutions for the offshore oil and gas industry and is recognized as a leading specialist for Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Floating LNGs (FLNGs), Tension Leg Platforms (TLPs), Production Semi-submersibles and Mobile Offshore Production Units (MOPUs).
MODEC has an excellent track record of EPCI (Engineering, Procurement, Construction and Installation) as well as charter and operations projects.
With over 200 years of accumulated Operation & Maintenance (O&M) term on nearly 30 floating production units, MODEC is able to use the valuable knowledge gained through O&M experience to improve their EPCI projects and Operational Services.
MODEC has recently expanded its product range to include FSRWP (Floating Storage Regasification Water-Desalination & Power-Generation) and its associated systems for Power only and Water only. All Power and Water solutions make use of the abundantly available LNG as a fuel source to bring clean Power and Water on either an IPP (Independent Power Producer), EPCI, BOO (Build, Own and Operate) or BOOT (Build, Own, Operate and Transfer) basis within 24 months of contract award to any shore.
The company is headquartered in Japan and listed on the Tokyo stock exchange. MODEC has major subsidiary offices in Singapore, Houston, Brazil as well as regional offices in Angola, Australia, China, Cote d'Ivoire, Ghana, the Netherlands, New Zealand and Vietnam.
MODEC has some 4,000 employees with citizenship from more than 25 countries.
MODEC holds 51% of the shares in SOFEC, Inc.