Modec revises up 2012 earnings

Japanese floating production specialist Modec revised upward its 2012 net earnings to 5.1 billion yen ($55 million) due to higher revenues and foreign exchange gains.

Modec Venture 11: a Modec FPSO working at the Santos-operated Mutineer-Exeter oilfields off Western Australia.
Modec Venture 11: a Modec FPSO working at the Santos-operated Mutineer-Exeter oilfields off Western Australia.
Published 18 February 2013, 01:48Updated 18 February 2013, 01:54
Asia & Oceania