Keppel O&M units secure $140m in contracts
Deals bring its order book past $1.78b in the first quarter
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KEPPEL Offshore and Marine (O&M) Ltd's subsidiaries have secured $140 million in contracts.
Among the deals were the fabricating of a floating production storage and offloading (FPSO) turret mooring system, as well as three ice-class offshore services vessels for its clients, including Bumi Armada Offshore and SOFEC.
The contracts bring Keppel O&M's year-to-date order book past $1.78 billion in the first quarter of 2014, putting the group on track to achieve analysts' mean estimates of between $5 billion and $6 billion in new orders secured within this year. Last year, the company secured $7 billion in new contracts, and ended the year with $14.2 billion in its net orderbook.
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