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 and has delivered 46 floating production systems. Currently, we own 13 FPSOs, 3 FSOs and operates 18 units.
With over 200 years of accumulated Operation & Maintenance (O&M) term on nearly 30 floating production units, we have gained valuable knowledge through O&M experience and uses it to improve our EPCI projects and Operational Services.
We have recently expanded our 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.
MODEC is headquartered in Japan and 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.
We have over 4,000 employees with nationalities from more than 25 countries.