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Keppel: Industry fundamentals still strong

Q3 profit falls 9.5% to S$414m; O&M segment helps offset lower contribution from property division

MR LOH: Exploration and production investments have to increase to keep up with global oil demand.


KEPPEL Corporation remains upbeat about its offshore and marine (O&M) business despite falling oil prices and oversupply in the jack-up market.

With sound fundamentals and a strong order book, Keppel is optimistic that demand for oil and jack-ups will remain strong in