Precio MODEC, Inc. (MDIKF)

MODEC, Inc. engages in the design, construction, installation, sales, lease and operations of floating production systems. The company is headquartered in Chuo-Ku, Tokyo-To and currently employs 5,962 full-time employees. The company went IPO on 2003-07-02. Its primary business is the provision of engineering, procurement, construction, and installation (EPCI) services and charter services (leasing and operation services) for floating production, storage, and offloading facilities, such as floating production, storage, and offloading (FPSO), floating storage, and offloading (FSO), and tension-moored platforms (TLP), used in the midstream of offshore oil and gas production. Its primary clients are government-affiliated and private oil and gas development companies overseas. The company also provides after-sales services, such as parts supply and engineering support, for FPSOs and other facilities it builds and delivers to oil and gas development companies, as well as management and operational support to affiliates and joint ventures.