Technics secures RI contract worth S$17.3m
Tuesday, July 22 2014 - 12:57 AM WIB
SGX-listed Technics Oil and Gas Limited, a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector, announced Monday it has been awarded its third leasing contract worth S$17.3 million.
The company said in a statement the contract involves a five-year leasing and maintenance contract for five units of gas compressor equipment as well as one year plant maintenance contract (with an option to extend for another two years) in Indonesia.
Despite strong competition from other international competitors, the group was eventually selected due to its excellent technical proposal, experience and proven track record in the related field, it said.
Robin Ting, Executive Chairman commented: ?Given our recent successes in EPCC and CE projects in several countries in the region, we are witnessing higher interest levels and support from large multi-national corporations while we maintain strong ties with key customers.?
Editing by Reiner Simanjuntak