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Technics Oil & Gas Inks $70.5 Million Liftboat Contract
Daily Bulletin | 16 September 2015
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Technics Oil & Gas announced that the group’s subsidiary, Technics Offshore Engineering, has been awarded a $70.5 million contract for the construction of a Liftboat for an established regional player based in Malaysia.

The Liftboat is expected to be delivered within two years and there is an option as well to construct a similar unit that can be exercised within six month.

The award marks the firm’s largest win in 2015 and is said to be a testament of its advanced technology, strong engineering capabilities, innovative design, experience and proven track record in the oil & gas field, which gave it an advantage over other competitors.

Technics Oil & Gas  -- -- --   
Business: Co is a full service integrator of compression systems & process modules serving mainly the O&G sector. [FY14 Turnover] Contract engrg (46.4%), procurement svcs (33%), engrg, procurement, construction & commissioning (20.6%).

Insight: Nov-15, FY15, Co rebounded strongly back to the bl... Read More


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