Leading the Global Marine and Offshore Engineering Market
It may be in the North Sea, the Gulf of Mexico or in the Middle East – but there’s a high chance that a jack-up rig extracting oil and gas offshore was designed or built by a Singapore-based company. Singapore is the top player in the global market for oil and gas drilling units and offshore support vessels, and local conglomerates Keppel and SembCorp are renowned players in the global industry.
Today, Singapore is the largest manufacturer of jack-up rigs, with 70 per cent of the world market. It has secured some 70 per cent of the global market for the conversion of Floating Production Storage Offloading units, and another 20 percent share of the world market in ship repair.