As part of the transformation, Keppel O&M will exit the offshore rig building business, and also progressively exit low value-adding repairs and other activities with low bottom line contribution.
It will transit to a developer and integrator role higher up the value chain, focusing on design, engineering and procurement, with fabrication work subcontracted to third parties. Keppel O&M’s yard operations will be streamlined and we will right size the organization, while investing to build new capabilities.
We will also explore how Keppel O&M’s offshore rig technology can be repurposed for other uses.
Source: Keppel
Join our mailing list here
