Modec ( (JP:6269) ) has issued an announcement.
Dr. Arun Duggal, President and CEO of SOFEC, a MODEC Group company, has been awarded the prestigious OTC 2025 Heritage Award for his significant contributions to the offshore industry over a 30-year career. His pioneering work in mooring systems has set new industry benchmarks, and his leadership has been crucial in developing SOFEC’s innovative solutions, securing patents, and mentoring the next generation of engineers, thereby advancing the industry and enhancing MODEC’s market position.
More about Modec
SOFEC, Inc., established in 1972 and based in Houston, Texas, is a leader in marine terminal and floating production system design, offering turnkey solutions for mooring systems, riser and swivel systems, and service buoys. MODEC is a prominent provider of floating production solutions, including FPSO vessels, to the offshore oil & gas industry, engaging in Engineering, Procurement, Construction, and Installation (EPCI) activities.
YTD Price Performance: 38.84%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.9B
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