三井海洋開発株式会社

In 1968, Mitsui Ocean Development & Engineering Company was founded as a fifty-fifty joint venture by Mitsui & Co. and Mitsui Shipbuilding & Engineering (present Mitsui E&S).

Establishment of Mitsui Ocean Development & Engineering Company (former company)

創立 : 1968年（昭和43年）12月26日

In 1972, an office was established in Houston, USA.

1972 : Establishment of office in Houston (USA)

Establishment of office in Houston (USA)

1986年、最初のFPSO、FPSOカカップナツナがインドネシアで納入されました。

1986年：最初のFPSOの納入：FPSOカカップナツナ（インドネシア）

最初のFPSOの納入：FPSOカカップナツナ（インドネシア）

In 1987, MODEC Technical Service was established as a wholly-owned subsidiary of Mitsui Ocean Development & Engineering Company.

1987 : MODEC Technical Service is established as a wholly-owned subsidiary of Mitsui Ocean Development & Engineering Company

In 1987, MODEC Technical Service, a subsidiary of the company, took over the business of the company, and changed its trade name to MODEC, Inc.

MODEC Technical Service is established as a wholly-owned subsidiary of Mitsui Ocean Development & Engineering Company

設立 : 1987年（昭和62年）06月01日

In 1988, MODEC Technical Service underwent a name change to become MODEC Inc. and took over the business of Mitsui Ocean Development & Engineering Company.

1988 : MODEC Technical Service undergoes a name change to become MODEC Inc. and takes over the business of Mitsui Ocean Development & Engineering Company (which is dissolved in 1989)

MODEC Technical Service undergoes a name change to become MODEC Inc. and takes over the business of Mitsui Ocean Development & Engineering Company (which is dissolved in 1989)

In 1989, MODEC (U.S.A.), Inc. was established in Houston as the North American business base.

1989 : MODEC (U.S.A.), Inc. is established in Houston as the North American business base

MODEC (U.S.A.), Inc. is established in Houston as the North American business base

In 1995, the company obtained ISO9000 certification.

Obtains ISO9000 certification : ISO Certificates

In 1996, the first FPSO for Oceania region, FPSO Whakaaropai, was delivered in New Zealand waters.

1996 : Delivery of First FPSO for Oceania region (New Zealand waters) : FPSO Whakaaropai (New Zealand)

Delivery of First FPSO for Oceania region (New Zealand waters) : FPSO Whakaaropai (New Zealand)

In 1998, operations and maintenance services began with the first-time charter contract, FPSO MODEC Venture 1 in Australia/East Timor.

1998 : Begins Operations & Maintenance services with the first-time charter contract. : FPSO MODEC Venture 1 (Australia/East Timor)

Begins Operations & Maintenance services with the first-time charter contract. : FPSO MODEC Venture 1 (Australia/East Timor)

In 1999, MODEC (U.S.A.), Inc. merged with FMC (currently Technip FMC) to form MODEC International L.L.C., handling operations in the Americas and West.

1999 : MODEC (U.S.A.), Inc. merges with FMC (currently Technip FMC) to form MODEC International L.L.C. (currently MODEC International, Inc.) to take care of operations in the Americas and West

MODEC (U.S.A.), Inc. merges with FMC (currently Technip FMC) to form MODEC International L.L.C. (currently MODEC International, Inc.) to take care of operations in the Americas and West

In 2001, the first TLP, Prince TLP, was delivered in the Gulf of Mexico.

2001 : Delivery of the first TLP : Prince TLP (Gulf of Mexico)

Delivery of the first TLP : Prince TLP (Gulf of Mexico)

In 2002, MODEC Management Services Pte Ltd. was established in Singapore for FPSO operation for Production Technical Service Co. Ltd.’s Ruby Field in Vietnam.

2002年、MODEC Serviços de Petróleo do Brasil Ltda.はブラジルに設立され、シェルオイル・ド・ブラジル・リミテッドのサレマ油田のFPSO運用のために設立されました。

2002 : MODEC Management Services Pte Ltd. is established in Singapore, for the purpose of FPSO operation for Production Technical Service Co. Ltd.’s Ruby Field (Vietnam)

2002年：MODEC Serviços de Petróleo do Brasil Ltda.はブラジルに設立され、シェルオイル・ド・ブラジル・リミテッドのサレマ油田のFPSO運用のために設立されました。

MODEC Management Services Pte Ltd. is established in Singapore, for the purpose of FPSO operation for Production Technical Service Co. Ltd.’s Ruby Field (Vietnam)

MODEC Serviços de Petróleo do Brasil Ltda.はブラジルに設立され、シェルオイル・ド・ブラジル・リミテッドのサレマ油田のFPSO運用のために設立されました。

In 2003, the company name in Japanese changed to Mitsui Ocean Development & Engineering Company, while the English name remained as MODEC, Inc.

In 2003, the company was listed on the second section of the Tokyo Stock Exchange.

2003 : Company name in Japanese changes to Mitsui Ocean Development & Engineering Company (English name remains as “MODEC, Inc.”)

Public listing on the second section of the Tokyo Stock Exchange

MODEC Offshore Production Systems (Singapore) Pte. Ltd. is established in Singapore to provide support for projects under the control of MODEC International L.L.C.

Delivery of First FPSO for South American region (Brazil) : FPSO Fluminense (Brazil)

Company name in Japanese changes to Mitsui Ocean Development & Engineering Company (English name remains as “MODEC, Inc.”)

Delivery of First FPSO for South American region (Brazil)

FPSO Fluminense (Brazil)

In 2004, the listing was transferred to the first section of the Tokyo Stock Exchange.

In 2004, MODEC Offshore Production Systems (Singapore) Pte. Ltd. was established in Singapore to support projects under the control of MODEC International L.L.C.

2004 : National d'Operations Petrolieres de Cote d'Ivoire is established in Cote d’Ivoire for the purpose of local subcontracting for the charter operation of FPSO for CNR International (Cote d’Ivoire) S.A.R.L.’s Baobab field

Listing transfer to the first section of the Tokyo Stock Exchange

National d'Operations Petrolieres de Cote d'Ivoire is established in Cote d’Ivoire for the purpose of local subcontracting for the charter operation of FPSO for CNR International (Cote d’Ivoire) S.A.R.L.’s Baobab field

In 2005, the first redeployment project was completed, modifying and relocating FPSO Buffalo Venture from Australia to Thailand, and FPSO Jasmine Venture MV7 to Thailand.

In 2005, the first FPSO for West African region, FPSO Baobab Ivoirien MV10, was delivered in Côte d'Ivoire.

2005 : Completes the first redeployment project : * : FPSO Buffalo Venture is modified and relocated from offshore Australia to Thailand : FPSO Buffalo Venture (Australia) : FPSO Jasmine Venture MV7 (Thailand)

2005 : Delivery of the first FPSO for West African region and begins its charter contract : FPSO Baobab Ivoirien MV10 (Côte d'Ivoire)

Completes the first redeployment project : * : FPSO Buffalo Venture is modified and relocated from offshore Australia to Thailand : FPSO Buffalo Venture (Australia) : FPSO Jasmine Venture MV7 (Thailand)

Delivery of the first FPSO for West African region and begins its charter contract : FPSO Baobab Ivoirien MV10 (Côte d'Ivoire)

In 2006, SOFEC, Inc., an industry leader in mooring systems and marine terminals, was acquired.

Acquires SOFEC, Inc., an industry leader in mooring systems and marine terminals : SOFEC, Inc. : SOFEC

In 2010, FPSO Cidade de Angra dos Reis MV22 was installed and started charter service for the world’s first commercial pre-salt crude oil production project in Brazil.

2010 : Installs and starts charter service of FPSO Cidade de Angra dos Reis MV22 for the world’s first commercial pre-salt crude oil production project : FPSO Cidade de Angra dos Reis MV22 (Brazil)

Installs and starts charter service of FPSO Cidade de Angra dos Reis MV22 for the world’s first commercial pre-salt crude oil production project : FPSO Cidade de Angra dos Reis MV22 (Brazil)

In 2015, FPSO Cidade de Itaguaí MV26 achieved first oil production in Brazil, five months ahead of schedule.

2015 : The 10th MODEC's FPSO/FSO vessel for offshore Brazil achieves First Oil production, 5 months ahead of the schedule anticipated under the contract : FPSO Cidade de Itaguaí MV26 (Brazil)

The 10th MODEC's FPSO/FSO vessel for offshore Brazil achieves First Oil production, 5 months ahead of the schedule anticipated under the contract : FPSO Cidade de Itaguaí MV26 (Brazil)

In 2018, MODEC Production Services Ghana JV Ltd. was established in Ghana to operate an FPSO for Jubilee field of Tullow Ghana Ltd.

In 2018, FSO Ailsa was delivered for the Culzean field in the British North Sea, marking entry into the region’s oil and gas industry.

In 2018, the company celebrated its 50th anniversary.

Delivery of FSO Ailsa for Culzean field in British North Sea, making an entry into the region’s Oil & Gas industry

Celebrates 50 years of foundation

MODEC 50th Anniversary Website

MODEC Production Services Ghana JV Ltd. is established in Ghana to operate an FPSO for Jubilee field of Tullow Ghana Ltd.

Delivery of FSO Ailsa for Culzean field in British North Sea, making an entry into the region’s Oil & Gas industry : FSO Ailsa (North Sea)

Celebrates 50 years of foundation : MODEC 50th Anniversary Website

In 2019, Mitsui Ocean Development & Engineering Company Mexico sociedad de responsabilidad limitada de capital variable (S. De R.L de C.V) was established in Mexico to operate an FPSO for Area 1 field of Eni Mexico S. de R.L. de C.V.

Mitsui Ocean Development & Engineering Company Mexico sociedad de responsabilidad limitada de capital variable (S. De R.L de C.V) is established in Mexico to operate an FPSO for Area 1 field of Eni Mexico S. de R.L. de C.V.

In 2020, FPSO Cidade de Campos dos Goytacazes MV29 was recognized as Lighthouse of the 4th Industrial Revolution by the World Economic Forum.

FPSO Cidade de Campos dos Goytacazes MV29 is recognized as Lighthouse of the 4th Industrial Revolution by World Economic Forum : FPSO Cidade de Campos dos Goytacazes MV29（Brazil）

In 2021, Shape Pte. Ltd., a digital solution company, was established in Singapore together with Mitsui & Co.

Shape Pte. Ltd., a digital solution company, is established in Singapore, together with Mitsui & Co. : Shape Pte. Ltd.

In 2022, Offshore Frontier Solutions Pte. Ltd., a joint venture with Toyo Engineering Corporation, was established in Singapore.

In 2022, the company’s listing was transferred to the Tokyo Exchange Prime Market.

In 2023, the company was awarded a contract to provide the first FPSO for Guyana, FPSO Errea Wittu.

Awarded contract to provide the first FPSO for Guyana : FPSO Errea Wittu (Guyana)

In 2024, the company transitioned to a company with an Audit and Supervisory Committee.

2024年、オフショアフロンティアソリューションズ・マレーシアSdn. Bhd. はマレーシア・クアラルンプールに設立され、TOYO MODEC OFS India Private Limited はインド・ベンガルールに設立されました。

Transition to a company with an Audit and Supervisory Committee

オフショアフロンティアソリューションズ・マレーシアSdn. Bhd.（オフショアフロンティアソリューションズPte. Ltd.の子会社）のマレーシア・クアラルンプールへの設立

Establishment of TOYO MODEC OFS India Private Limited, a subsidiary of Offshore Frontier Solutions Pte. Ltd., in Bengaluru, India

In 2025, the company joined the International Association of Oil & Gas Producers (IOGP).

Joins the International Association of Oil & Gas Producers (IOGP)

In 2026, SOFEC, Inc. was merged and the Mooring Solutions Business Unit was established.

Merger of SOFEC, Inc., and establishment of Mooring Solutions Business Unit