Technics Oil and Gas Wins Two Contracts in Vietnam

Mainboard listed Technics Oil and Gas Limited, a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector, yesterday, February 4, announced that it has been awarded two contracts worth a total of S$6.6 million. The first contract involving the EPCC for the supply of reciprocating compressors for Diamond development project blocks – offshore Vietnam.

The second involves EPCC for the provision of Deep Drawn Booster Compressor at Arthit.

Despite strong competition from other international competitors, the Group was eventually selected due to its excellent technical proposal, experience and proven track record in the related field.

“The Group has been consistently securing contracts so far and we are pleased that this momentum in order flow continues. Given our recent successes in EPCC and CE projects in several countries in the region, we are witnessing higher interest level and support from large multi-national corporations while we maintain strong ties with key customers,” Mr Robin Ting, Executive Chairman & Group MD.

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Press Release, February 5, 2013