Houston - August 01, 2008 - MODEC (Mitsui Offshore Design and Engineering Co.) signs agreement with Pyramid E&C, UK for Front End Engineering and Design work of FPSO Jubilee topside. The work is expected to be executed in Houston.

Pyramid E&C is a global provider of Engineering, Project Management Services and EPC Lump Sum Turnkey solutions for Energy and Chemical Industries. Pyramid E&C consistently delivers high quality services and solutions from eight global locations and engages about 600 engineers and managers worldwide.