MODEC AND TOYO OFFSHORE PRODUCTION SYSTEMS PTE. LTD.

As a leading general contractor since 1968, MODEC specializes in engineering, procurement, construction, and installation of floating production systems, including FPSO, FSO, TLP, PSU, and other cutting-edge technologies. We provide global operation and maintenance services and have a diverse workforce of over 4,000 employees from 25 countries. With a strong presence in Asia, America, Africa, and Australia, MODEC is committed to delivering high-quality projects and exceeding client expectations.

MODEC is a general contractor specializing in engineering, procurement, construction and installation of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters.

MODEC in Singapore offers engineering design and consultancy services for oil and gas extraction and offshore exploration activities. Our EPCI capabilities include FPSO vessel construction and installation, while our joint venture company, Offshore Frontier Solutions, specializes in innovative and environmentally friendly floating solutions. Our mission is to deliver high-quality and safe solutions through excellence in execution and cutting-edge technology.

MODEC is a business value addition services company that specialises in government relations, business process re-engineering and business facilitation.

Our mission is “To produce oil and gas steadily and safely, 24 hours a day, 365 days a year, under harsh environmental offshore conditions that are subject to sudden and frequent changes.” To achieve this, we require an extremely high level of skill and expertise. In the offshore oil and gas industry, where successful track records are of utmost importance, we have been providing various technologies and solutions which are highly valued by oil companies around the world. In 2018, we marked the 50th anniversary of our founding. In the future MODEC will continue providing our clients with economical floating production solutions using the latest technologies as well as our experience gained over the last 50 years of designing and operating such systems. MODEC will continue to rise to the challenges of meeting the requirements of the offshore oil and gas industry. The global energy demand will continue to grow, oil demand will increase steadily and the use of natural gas, a major clean energy source, will continue to gain strong momentum. We will optimize our business portfolio while pioneering new business areas, especially in offshore wind power utilization and seabed mineral resources harvesting, with the objective of contributing to the creation of a brighter future for our world. MODEC provides Floating Production System operation and maintenance services around the world. MODEC is headquartered in Tokyo, Japan and three main offices are located in Tokyo, Houston and Singapore. MODEC has regional offices in Angola, Australia, Brazil, China, Cote d'Ivoire, Ghana, Mexico, and Vietnam. MODEC has some 4,000 employees with citizenship from more than 25 countries. MODEC holds 51% of the shares in SOFEC, Inc and 20% of the shares in Cameron Japan Ltd. MODEC, Inc. is traded on the Tokyo stock exchange under the symbol 6269.