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About MODEC

Our History

1968

MODEC begins as Mitsui Ocean Development & Engineering Company in Tokyo, Japan.

1972

Houston Office opens.

1986

The first FPSO is delivered and starts operations. (receives a contract in 1985).

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FPSO Kaka Natuna

(Indonesia)

1989

MODEC (U.S.A.), INC. established in Houston, USA.

 

1996

The first FPSO for Oceania Region is delivered and starts operations.

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FPSO Whakaaropai

(New Zealand)

1998

The first chartered FPSO starts operations.

MODEC starts providing Operation & Maintenance services with this project.

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FPSO MODEC Venture 1

(Australia/East Timor)

Singapore Office opens.

 

1999

MODEC International LLC (currently renamed as MODEC International, Inc.) established in Houston, USA.

2001

The first TLP is delivered and starts operations.

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Prince TLP

(USA - Gulf of Mexico)

2003

MODEC has an initial public offering and is listed on the second section of the Tokyo stock exchange.

Brazil Office opens.

 

The first FPSO for North America Region is delivered and starts operations.

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FPSO Fluminense

(Brazil)

2004

MODEC is listed on the first section of the Tokyo stock exchange.

2005

The first FPSO relocation project is completed.
MODEC’s FPSO Buffalo Venture is refurbished and relocated from offshore Australia to Thailand.

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FPSO Buffalo Venture
(Australia)

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FPSO Jasmine Venture MV7
(Thailand)

The first FPSO for West Africa Region is delivered and charter begins.

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FPSO Baobab Ivoirien MV10
(Côte d'Ivoire)

2006

MODEC acquires SOFEC, Inc., an industry leader of mooring systems.

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2010

The world's first pre-salt commercial production facility, the FPSO Cidade de Angra dos Reis MV22, is delivered and charter begins.

FPSO Cidade de Angra dos Reis MV22 (Brazil)

FPSO Cidade de Angra dos Reis MV22 (Brazil)

2015

The 10th MODEC’s FPSO/FSO vessel for offshore Brazil achieves First Oil production, 5 months ahead of the schedule anticipated under the contract.

FPSO Cidade de Itaguaí MV2

FPSO Cidade de Itaguaí MV26 (Brazil)

MODEC awarded contract to provide an FSO for Culzean Field. The company gains entry into North Sea Oil & Gas industry. (FSO Ailsa)

2016

MODEC expands its product range to include FSRWP® (Floating Storage Regasification Water-Desalination & Power-Generation) and its associated systems for Power only (FSR-Power®) and Water only (FSR-Water®).

FSRWP

FSRWP®

* FSRWP is a registered trademark of MODEC, Inc.