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With Strong Growth in Recent Years, the Japanese Company Now Seeks to Meet the Demand for Projects in the Domestic Market. Modec Needs Reliable Suppliers and Is Now Seeking Contracts with Offshore Companies.
In the midst of the heating up of the fuel segment across the national territory, the Japanese company Modec is now looking to hire new suppliers in the Brazilian market. The company has a high demand for projects in the segment in Brazil, but it needs reliable suppliers to ensure the success of the ventures. To this end, it conducts constant market research and seeks partnerships with the best companies in the segment in the country.
High Demand for Projects in the Brazilian Offshore Market Drives Japanese Company to Seek New Suppliers to Develop Projects in the Domestic Territory
With 12 FPSO ships in production in Brazil and three more units under construction that will be installed in the country, the Japanese company Modec is in a great position in the national territory.
However, partnerships with local suppliers are still lacking to accelerate and drive the projects in development in the market.
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For this reason, the Japanese company is now conducting field research and is keeping an eye on the supply chain for new hires in the Brazilian territory.
This was one of the topics discussed by Modec during the 5th edition of the Firjan SENAI SESI Opportunities Network Program, which featured Modec’s Supplier Relationship Manager, Eduardo Bustamante.
He emphasized that he understands that the company’s growth in the Brazilian market requires new suppliers, as the high demand for projects necessitates greater support.
“We have partnerships with those we trust, and new ones need to be developed. Soon we will have more ships in production. Each of these has the offshore workforce, plus the support teams on land. They require a lot of supply and service. Our spending in 2021 was over US$ 500 million, with 80% local content,” Bustamante commented during the event.
He also stated that the main point Modec looks for in suppliers is the quality of services and products, but does not overlook the observation of competitive prices in this market.
Modec Highlights Great Portfolio of Products Demanded for the Development of Projects in the National Market and Seeks Specialized Suppliers
According to Modec, the main products in high demand for projects in the national offshore sector include industrial filters, valves, pumps, compressors, and accessories.
Meanwhile, manufacturing, repair, maintenance, offshore chartering, and communication systems are the main services required from the suppliers the company will hire over the coming months.
The offshore oil and gas sector has been heating up significantly in recent months and could reach investments of R$ 300 billion by 2024, according to Firjan’s forecasts.
“At Modec, we identified 17 business opportunities that could be met by 240 potential companies in the state of Rio, based on a survey conducted with 2,200 possible registered suppliers,” explained Felipe Siqueira, an analyst for Oil, Gas, and Naval at the federation.
In addition, during the 5th edition of the Firjan SENAI SESI Opportunities Network Program, Karine Fragoso, the manager of Oil, Gas, and Naval at Firjan, celebrated the new partnerships and the significant participation of the Brazilian market in the projects.
Learn More About Modec
Modec is a Japanese company that owns EPCI (Engineering, Procurement, Construction and Installation), a general contractor of floating production systems, including floating storage and offloading units (FPSO), floating storage units (FSO), FLNGs, tension leg platforms (TLPs), semi-submersibles, anchoring systems, and new technologies that will face the challenges of floating gas production.
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