We are the largest independent FPSO operator in the world and we want to go further to provide the best technologies and solutions for our clients.
MODEC began as Mitsui Ocean Development & Engineering Company in Tokyo, Japan. 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, so far delivered 46 floating production systems and currently owns 11 FPSOs and 3 FSOs and operates 17 units.
With over 240 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 our 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.
Potential for Growth
MODEC invests in professionals who want to develop into a leading, solid and transparent company that is a reference in the oil and gas industry.
MODEC is headquartered in Japan and listed on the Tokyo stock exchange under the symbol 6269. 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.
Working at MODEC is taking part in a global, connected company in continuous growth. We are the world leaders in building and operating floating systems for oil and gas exploration and production.