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Singapore : Boustead secures S$20 mln in contracts globally
Publish Date : 30-Jun-2012
Engineering services provider Boustead Singapore Limited announced on Friday that it has secured S$20 million in contracts globally within the past month from the oil and gas industries.
The contracts involve the construction of key largescale process systems and waste heat recovery units for oil refineries and gas processing plants, and offshore installations in Algeria, Bolivia, Canada, Hong Kong, Malaysia, Pakistan and Saudi Arabia.
\"The latest contracts from both new and repeat clients follow after S$35 million in contracts awarded to the division which we announced in March,†said Mr Wong Fong Fui, chairman and chief executive officer of Boustead.
“We are encouraged by the strong pipeline of enquiries despite the recent dip in crude oil prices and we expect good progress on negotiations throughout FY2013,†he added.
