Companies

Modec

About

Established in 1968, MODEC has been providing competitive floating solutions for the offshore oil and gas industry and is recognized as a leading specialist for FPSOs, FSOs, FLNGs, TLPs, Production Semi-submersibles and MOPUs. MODEC is headquartered in Japan and   listed on the Tokyo stock exchange. MODEC has major subsidiary offices in Singapore, Houston, Brazil as well as shore basis offices in countries where is operates assets.  . MODEC has an excellent track record of EPCI (Engineering, Procurement, Construction and Installation) projects, so far delivered  42 floating production systems and currently owns 14 FPSOs and 3 FSOs and operates 19 units (includes 2 units owned by others). With over 180 years of accumulate operating experience with over 20 floating production units, MODEC is able to use the valuable knowledge gained to improve our EPCI projects and Operational Services. MODEC has recently expanded its product range to include FSRWPTM (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 either on 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.

SOFEC Inc., a MODEC group company established in the United States, is an industry leader in the supply of permanent and disconnectable mooring systems as well as marine terminals for crude oil and product import/export. SOFEC Mooring Systems include spread moorings, internal and external turrets, and tower yoke moorings for tanker based floating production systems (FPSO, FSO, FSRU, FLNG and FSRWPTM). SOFEC has delivered over 100 mooring systems worldwide, and recently delivered the innovative external turret mooring system for PETRONAS’ first FLNG, PFLNG SATU.