Dyna-Mac Bags FPSO Topside Work

OE Staff
Tuesday, February 25, 2020

Singapore-based oil and gas fabrication company Dyna-Mac has secured an in-principle from undisclosed clients to build FPSO topside modules.

Dyna-Mac said Tuesday the fabrication contracts (in-principle) were awarded from both its repeat customer as well as new customers for a total of around S$18 million.

The contracts are for the fabrication of some units of topside modules for a Floating Production Storage Offloading vessel, pipe racks, and skids. 

The fabrication will start in 1Q2020 and is expected to complete by 1Q2021, Dyna-Mac said in a brief announcement on Tuesday.

Dyna-Mac last week issued profit guidance in which it said that the group was expected to report a net loss for 4Q2019 and cumulative loss for the full year ended 31 December 2019.

Categories: FPSO Asia Floating Production Hardware Singapore Constructoin Energy

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Turkey Discovers New Black Sea Gas Reserve

Indonesia's Medco Starts Production at Natuna Sea Fields

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com