Mid-Term Business Plan
Mid-term Business Plan 2017
In May 2015, MODEC group announced its Mid-term Business Plan 2017 which is a three-year business strategy starting from FY2015.
Despite the current weakness in the floating production systems market, capital spending is expected to return for new field developments in a mid- to long-term, while projects going to deeper waters and project sizes getting larger.
A key item to be addressed in this Mid-term Business Plan 2017 is the enhancement of ASSET INTEGRITY*.
* Asset Integrity is:
To design and construct a facility which can produce oil and gas stably and efficiently in a long period as required by clients, and
To maintain the productivity and condition of the facility in order to provide expected services through O&M and Asset Management.
To pursue higher customer satisfaction, we will focus on the following items:
- ASSET INTEGRITY enhancement: Provision of facilities and production services required for long term and stable oil and gas production
- Strengthening competitiveness: Provision of FEED, EPCI and production services with competitive price and quality
- Execution of R&D: New technology, innovative production facility
As quantitative goals, we aim to achieve
Revenue of USD 3,500 million, Net Profit of USD 100 million, and ROE 10%
at the end of FY2017.