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Uptick in enquiries, now that oil prices have stabilised

But industry veterans say the supply overhang might stymie a return to profitability by the offshore drilling sub-sector

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Keppel Fels, the rig-building arm of Keppel O&M, is ramping up its pursuit of EPC (engineering, procurement and construction) contracts for non-ship-shaped floating production structures.

Singapore

OFFSHORE drilling, being at the forefront of the offshore-&-marine value chain, would be the first sub-sector to experience an uptick in activity when exploration and production spend goes up.

And now that oil prices have stabilised in the US$40 to US$50 band, enquiry