Michael Macrae

MODEC

Founded in 1968, MODEC is a general contractor specializing in engineering, procurement, construction and installation of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters. MODEC provides Floating Production System operation and maintenance services around the world. MODEC is headquartered in Tokyo, Japan and three main offices are located in Tokyo, Houston and Singapore. MODEC has regional offices in Angola, Australia, Brazil, China, Cote d'Ivoire, Ghana, Mexico, and Vietnam. MODEC has some 4,000 employees with citizenship from more than 25 countries. MODEC holds 51% of the shares in SOFEC, Inc and 20% of the shares in Cameron Japan Ltd. MODEC, Inc. is traded on the Tokyo stock exchange under the symbol 6269.