Modec Inc - Company Profile
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Modec Inc (Modec) is a general contractor specialized in engineering, procurement, construction, installation, operation and maintenance of floating offshore oil and gas production facilities. Diversified EPIC offerings, business partnership and business performance in Brazil are its strengths, even as increasing trade receivables and lawsuits could be a cause for concern. Nevertheless, new contracts and agreements, increase in demand for energy and increasing upstream investments could provide adequate growth opportunities to the company. However, intense competition, fluctuations in oil and gas prices, and stringent regulations could affect its operations.
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