MODEC

company 1 Deal 1 Partner

Tokyo-based offshore oil and gas EPC contractor specializing in floating production systems (FPSOs) for deepwater fields. Delivered over 40 FPSOs globally with major projects in Brazil, West Africa, and Southeast Asia.

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Founded 1991 1,200 employees

Engineering FirmEPC ContractorOperator

Strategic Overview

Expanding into energy transition technologies, particularly floating offshore wind and hybrid power systems leveraging FPSO expertise.
Maintains strong presence in Brazil’s pre-salt basins with long-term relationships with Petrobras and major international oil companies.
Increasing focus on digitalization and decarbonization of FPSO operations, including carbon capture integration studies.

Deal History (1)

Exxon-led consortium's Errea Wittu FPSO nears completion for Guyana's Uaru offshore project

supplier Oil Gas Guyana Mar 19, 2026

Investment Focus

Technologies

Oil Gas1

Geography

Guyana1

Key People

Takashi Ogawa

President and CEO

Track Record

Years Active

Notable projects: P-63 FPSO (Brazil), Jubilee Field FPSO (Ghana), Lula Field FPSOs (Brazil)

Detailed Analysis

Sectors

Energy TransitionUtilities

Geographies

Brazil (15 deals)Ghana (3 deals)USA (1 deal)UK (2 deals)Norway (1 deal)Australia (1 deal)Malaysia (4 deals)Indonesia (3 deals)India (1 deal)Mexico (2 deals)

Deal Stage

BrownfieldGreenfieldOperating

Deal Structure

EPC ContractLease and OperateJoint Venture

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