Singapore offshore operator and shipbuilder Otto Marine says it has entered into a memorandum of understanding with a “world-renowned port operator” to explore the potential development of a fabrication and marine facility at its Batam Shipyard facility in Indonesia.
Otto says the new facility, strategically located in close to Singapore and the South East Asia region oil and gas fields, is expected to be operational by July 2017.
Michael See, CEO of Otto Marine, commented: “We are enthusiastic about this new partnership with a well-established company and we look forward to a smooth and fruitful collaboration. This is especially uplifting with the continued dreary conditions in the oil and gas industry. The proposed development will provide new avenues which will improve our overall competitiveness and give us an edge in the region.
“We have strong capabilities in fabrication, ship repair and conversion and we have a healthy client base that has utilised our sophisticated offshore fabrication services over many years. Furthermore, being in Batam helps us obtain cabotage related business. For this upcoming fabrication and marine base, we can provide the above mentioned expertise along with infrastructural and labour support, and the local know-how. Adding value to this partnership, our partner brings to the table its world class experience and expertise in port management and a robust following of loyal and repeat customers as well.”
The agreement is non-binding and subject to a definitive agreement and approval from authorities.