Dyna-Mac secures $130m FPSO work

Singapore-based fabricator Dyna-Mac Holdings has added to its series of new orders with a S$180 million ($130m) contract for floating production, storage and offloading (FPSO) vessel topside modules.

The work, awarded by a longtime repeat customer, is scheduled to start in the fourth quarter of 2022, with completion scheduled for the first quarter of 2024.

In April, Dyna-Mac landed contracts worth around $66m for additional work scope to be performed on an ongoing FPSO topside module fabrication project currently under construction in the shipyard and for the repair, refurbishment, and reactivation of a mobile offshore tender-assisted drilling rig. 

Including the new order win, the net orderbook to date stands at a record high of $463.4m with deliveries stretching into 2024.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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