MODEC, Inc.
MODEC has been a leading provider of solutions for the floating offshore oil and gas market for over 50 years. We are always ready to face new challenges, offering advanced proven technology and talented teams that work with safety and environmental responsibility. Our presence in over 15 countries and the integration of our teams around the world with more than 6,000 employees of 25 nationalities, gives MODEC the opportunity to develop and share a high level of skill. Our mission is “Unlocking the ocean's potential by supplying unique floating solutions for a sustainable future.” We have a strong commitment to sustainable growth, not only with the environment, but also with the involvement and development of our people and local communities, always guided by our core values: One Team Care Empowered Agil Integrity MODEC, Inc. is traded on the Tokyo stock exchange under the ticker 6269.www.modec.com
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Search complete. 2 mentions across 1 episode found for "MODEC, Inc.".
Oct 16, 2026
Daniel CallanGUEST
So whilst on the surface of how we're delivering projects and the people that get seen by our customers, there's a lot of work that goes on in the background because we see the same common challenges across every project.
Daniel CallanGUEST
So the automations we're building into our internal processes are the same for an Exxon project to a Shell project, whether you've got a MODEC as the EPC or a FLUR or an SBM, the problems tend to be very, very similar.
Conor O'LearyGUEST
So we're able to build
Daniel CallanGUEST
these capabilities that we can then apply to multiple projects and multiple customers.
13 MINS LATER
Daniel CallanGUEST
Amazing.
Stuart BroadleyHOST
And just to give people an idea of this project.
Stuart BroadleyHOST
So I think the vessel name is area witu now right which means abundance and that's quite appropriate because its production capacity is 250 000 barrels of oil per day and gas treatment capacity 540 million cubic feet per day but if we just take the production capacity so daily revenues of every day that it gets to production earlier is in the range of 20 million dollars per day dollar equivalent which I mean, that just shows you how important this is and how valuable the work of Asset55 is to the players involved in this project, which is developed by MODEC and it's ExxonMobil offshore Guyana, as you say.
Stuart BroadleyHOST
So brilliant.