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MODEC, Inc. Competition

MODEC (Mitsui Ocean Development & Engineering Co.) keeps sea vessels floating and oil and gas flowing. The company is a global general contractor that specializes in the engineering, procurement, construction, and installation of floating production systems for the offshore oil and gas industry. These include storage vessels, offloading vessels, tension leg platforms, semi-submersibles, and mobile production units. It also offers vessel leasing and chartering; operation and maintenance services; and spare parts supply and aftersales support. Customers include Petrobras and BP. Founded in 1968, MODEC is controlled by Mitsui Engineering & Shipbuilding Co.

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Year Founded

1987

Annual Revenue (mil)

$2175.5981