Triyard Holdings wins two additional offshore oil and gas contracts

Triyards Holding, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has secured two contracts worth an additional US$59 million (S$73.8 million).

This included its 10th self-elevating unit (SEU) order, consolidating its position as a leading fabricator of SEUs in Asia.

The SEU order is with an Asian-based client and is for Triyards' BH 335, which has a leg length of more than 100metres, and is capable of working in water depths of up to 70 metres.

It can accommodate 160 personnel.

The unit will be fitted with heavy-lift equipment manufactured from Triyards' yard in Houston, United States.

The other contract is for the construction of a turret for a floating storage offloading in Indonesia.

"This will be our 10th SEU to deliver, and this win solidifies our leadership position in Asia for SEUs," said Mr Wong Bheet Huan, Triyards chief executive.

"We are seeing strong demand for our vessels, and with these two contracts, the yards will be kept busy all the way through 2015."