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Technics O&G wins contract to construct a Liftboat for Malaysia-based firm


Published Sep 17, 2015
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Technics Oil and Gas Limited

Technics Oil and Gas Limited (Technics or together with its subsidiaries, the Group), says that the Group’s subsidiary, Technics Offshore Engineering Pte Ltd. (TOE), has been awarded a contract Sept. 15 worth a total of $50.4 million (SGD 70.5 million) for the construction of a Liftboat.

The Liftboat is expected to be delivered within two years from the contract date. There is an option as well to construct a similar unit and the option can be exercised within six months from this contract date.

The Liftboat will be a Multi-purpose Self-propel Self-elevating platform capable of operating at water depths of up to 230 feet (70 meters) and the Liftboat will have ABS (American Bureau of Shipping) classification.

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