Modec Inc - Company Profile
Powered by
All the data and insights you need on Modec Inc in one report.
- Save hours of research time and resources with
our up-to-date Modec Inc Strategy Report
- Understand Modec Inc position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Modec Inc (Modec), a subsidiary of Mitsui Engineering & Shipbuilding Co Ltd, is a general contractor specializing in engineering, procurement, construction and installation of floating production systems. The company offers floating production storage and offloading (FPSO) vessels, floating storage and offloading (FSO) vessels, tension leg platforms (TLPs), production semi-submersibles and mobile offshore production units (MOPUs) to oil and gas companies worldwide. Modec also provides floating production system operation and maintenance services; and offers other new technologies to various types of gas production floaters. The company also offers its expertise to offshore wind power applications. It has its operations across the Asia, North Sea, Gulf of Mexico, Brazil, West Africa, and Oceania. Modec is headquartered in Chuo-ku, Tokyo, Japan.
Modec Inc premium industry data and analytics
Products and Services
Services | Brands |
---|---|
Engineering | MODEC |
Procurement | LiBro |
Construction | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In January, the company awarded a contract to Jumbo Offshore Installation Contractors for the pre-installation of the mooring spread of the FPSO Errea Wittu offshore Guyana. |
2023 | Commercial Operation | In June, the company’s Almirante Barroso FPSO achived first oil and started a 21 year charter. |
2023 | Contracts/Agreements | In May, the company was awarded a contract to supply second FPSO by Equinor. |
Competitor Comparison
Key Parameters | Modec Inc | Saipem SpA | SBM Offshore NV | BW Offshore Ltd | Bumi Armada Bhd |
---|---|---|---|---|---|
Headquarters | Japan | Italy | Netherlands | Bermuda | Malaysia |
City | Chuo-Ku | Milano | Schiphol | Hamilton | Kuala Lumpur |
State/Province | Tokyo | - | - | - | Kuala Lumpur (Federal Territory of) |
No. of Employees | 5,225 | - | 5,499 | 1,806 | 879 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Takeshi Kanamori | Director; Chief Executive Officer; President | Executive Board | 2021 | 67 |
Koichi Watanabe | Director - Mitsui E&S Business Service Co., Ltd; Director; General Manager- Finance and Accounting Department, Mitsui E&S Holdings Co., Ltd. | Executive Board | 2023 | - |
Yasuhiro Takano | Executive Managing Officer; Senior Executive Managing Officer; Chief Financial Officer - Group; Director | Executive Board | 2023 | - |
Minoru Sawada | Chief Procurement Officer | Senior Management | 2022 | - |
Soichi Ide | President - MODEC Offshore Production Systems; Chief Executive Officer - MODEC Offshore Production Systems; Chief Digital Officer | Senior Management | 2022 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer