FPSO
MODEC performs EPCI activities for FPSOs and other floating oil and gas production facilities. Further, by owning and operating its own floating production facilities, MODEC provides oil companies around the world with comprehensive and competitive solutions for oil and gas production services.
On average, MODEC gains about 3 years of EPCI knowledge and more than 20 years of O&M and ownership experience for each facility which it owns and operates. The knowledge and data accumulated over these successful projects as well as the operating history provide valuable feedback for future EPCI projects, further advancing MODEC's engineering and project execution processes.
We are committed to offshore oil and gas development projects around the world, providing a total service to ensure safe and continuous production of offshore floating production systems, 24 hours a day, 365 days a year.
Floating Production Solutions
MODEC has been providing competitive and innovative floating solutions for the offshore oil and gas industry.
Our Strength
As a leading company in the FPSO industry for more than half a century, MODEC has significant competitive advantages to undertake complex and challenging offshore oil and gas development projects globally.
Pursuit of Lifecycle Value
Throughout the entire period from design to construction to facilities operation, MODEC is focused on the maximization of lifecycle value, which is part of the value we provide to our customers.
We are committed to offshore oil and gas development projects around the world, providing a total service to ensure safe and continuous production of offshore floating production systems, 24 hours a day, 365 days a year.
Business Model
The oil development business can be broadly divided into three stages: exploration, development/production, and refining/sales. Our business domain, which is development and production, is a stable business that is carried out after its commercial profitability has been assessed.
