Houston, Texas — According to state and local development sources, MODEC plans to invest $12,500,000.00 to build out 103,170 square feet of new space in Houston. The company plans to occupy the new space at 15375 Memorial Dr, Suite 800 in Houston, on or about August 1, 2024. According to the company website 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 four main offices are located in Tokyo, Houston, Brazil and Singapore. MODEC has regional offices in Angola, Australia, China, Cote dIvoire, Ghana, Mexico, Guyana and Vietnam. MODEC has some 5,500 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.

To learn more about MODEC, visit http://www.modec.com/

Company Contact:
Takeshi Kanamori, Chief Executive Officer
281-529-8100

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