MODEC, INC. is a Japan-based company that is involved in the floating offshore oil and gas production facility business. The Company designs, constructs, installs and sells floating offshore oil and gas production facilities, including floating production, storage and offloading systems (FPSOs), floating storage and offloading systems (FSOs) and tension leg platforms (TLPs), to oil developers. The Company is also engaged in the leasing of its products, the provision of operation services, as well as the provision of chartered leasing and operation services. The Company also provides after-sale services, encompassing the provision of parts for the Company's facilities and engineering support services. As of December 31, 2012, the Company had 28 subsidiaries and 14 associated companies.