You are here

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

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.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to