Singapore-listed SembCorp says the move comes as it looks to grow into new segments and expand its offshore marine activities.
For its money Sembcorp Marine’s Jurong Shipyard will get SSP’s entire portfolio that includes deepwater drilling, FPSO and floating LNG designs.
Wong Weng Sun, chief executive of Sembcorp Marine, said: “With our strategic expansion into circular-based floaters, we are well-positioned to tap on new opportunities and expand our market share in the exploration & production, accommodation and logistics support segments within the offshore industry.”
