Dyna-Mac, a Singapore-based provider of engineering, procurement, and construction services, has announced the successful acquisition of several contracts totaling a provisional sum of S$88.0 million from its valued repeat customers.
The primary contract underpinning this announcement involves the construction of topside modules destined for a floating production, storage offloading (FPSO) vessel.
Commencing in the first quarter of 2024, this project will take advantage of newly acquired yard space. The timeline aims to complete construction by the third quarter of 2025. Subsequently, the topside modules will be transported to China for seamless integration with the FPSO vessel.
Dyna-Mac net order book up to US$457.8 million as fresh contracts secured | OilNOW
Dyna-Mac said, in addition to the FPSO project, Dyna-Mac has secured additional contracts encompassing a range of services, including fabrication, installation, and integration work on various vessels.
This recent influx of contracts has substantially bolstered Dyna-Mac’s net order book, which now stands at S$630.7 million. With project deliveries spanning into 2025, Dyna-Mac said it is poised for sustained growth and success in the coming years.
Dyna-Mac has been supporting the construction of topsides modules for FPSOs being built by SBM Offshore, for ExxonMobil’s deepwater projects offshore Guyana.
