industry petroleum industry founded 1968 headquarters tokyo japan key people kenji yamada ceo products fpso tlp semi submersible lng lpg vessels . total assets 154 billion yen 2009 1 website http www.modec.com modec inc. mitsui kaiy kaihatsu kabushikigaisha mitsui ocean development & engineering inc. is a global supplier and operator of offshore floating platforms . 2 3 contents 1 background 2 company history 3 see also 4 references 5 external links background edit the company has headquarters in tokyo japan and regional offices in angola australia brazil belgium ivory coast indonesia mexico nigeria singapore thailand usa and vietnam . modec has around 2 000 employees . modec holds 51 % of the shares in sofec inc and 20 % of the shares in natco japan co. ltd. modec inc. is traded on the tokyo stock exchange under the symbol 6269 . mitsui engineering & shipbuilding co. ltd. holds around 18 700 000 shares which represents just over 50 % of the company shares issued . the company has operations in all major offshore regions and currently owns and operates 23 floating production storage and offloading vessels . company history edit the company was founded in 1968 . in the mid 1970s modec began constructing jack up drilling rigs . the company s first offshore production vessel was the fpso kakap natuna installed in april 1986 at the kakap kh field in 88 meters water depth approximately 175 miles west of great natuna island offshore indonesia . modec delivered its first tension leg platform tlp in 2001 which is installed on el paso s prince field in the gulf of mexico in 454m 1 490 ft water depth in 2003 modec had an initial public offering and was listed on the second section of the tokyo stock exchange . in 2006 modec acquired sofec inc. and purchased 20 % of the shares in natco japan co. ltd in 2007 modec entered into a joint development agreement with velocys inc. and toyo engineering corporation to develop and commercialize gas to liquids technology for offshore applications . modec has developed a proprietary semi submersible design called the central pontoon semi cp semi for use as a production platform but has not yet gained any orders for this design . citation needed see also edit list of oilfield service companies references edit 4 modec 3 qtr 2009 accounts http www.modec.com up pdf 2009 3q tanshin en.pdf annual report 2008 http www.modec.com ir report pdf 2008 report.pdf wall st journal news on leading supplier competition with sbm offshore http online.wsj.com article bt co 20091111 710379.html modec 2015 income statement pdf . modec http www.modec.com up pdf 2015 ye results en.pdf . retrieved 3 may 2016 . missing or empty title help external links edit official site companies portal retrieved from https en.wikipedia.org w index.php title modec & oldid 727124372 categories oilfield services companiesfloating production storage and offloading vessel operatorscompanies based in tokyocompanies listed on the tokyo stock exchangemitsui1968 establishments in japanoil companies of japanhidden categories pages with citations lacking titlespages with citations having bare urlsarticles containing japanese language textall articles with unsourced statementsarticles with unsourced statements from august 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch portugu s edit links this page was last modified on 26 june 2016 at 21 15 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view