MODEC is mainly engaged in the floating offshore oil and gas production facility business. Along with its affiliates, Co. is engaged in the design, construction, installation and sale of floating offshore oil and gas production facilities, including floating production, storage and off loading systems ("FPSOs") to oil developers; the leasing of its products, the provision of operation services, as well as the provision of charter services encompassing leasing and operation services; and the provision of post-sale services, including the provision of parts for Co.'s facilities and engineering support services, management support as well as operation support.
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