Technics Oil & Gas Limited
Overview
Technics Oil & Gas Limited ("Technics" or referred to collectively as the "Group") is a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector.
Technics designs, concept engineers and fabricates process modules and equipment, including gas compression packages, which are integrated to form the operating system for production operations and storage applications in offshore and onshore oil and gas exploration and production activities ("O&G"). The Group also manufactures super-size gas compression systems, topsides and process modules of more than 500 MT each.
Synonymous with safety, quality and reliability, Technics is an authorized integrator of gas compression systems for three world-leading USA gas compressor manufacturers, Ariel Inc., Cameron and Frick.
Established in 1990 as a modest start-up with only 12 staff, Technics has grown from strength to strength and became a public-listed entity on Singapore Exchange SESDAQ in April 2003 and was upgraded to Mainboard of the Singapore Exchange in January 2008. Notably, Technics was also successfully listed on the Taiwan's over-the-counter market, Gre Tai Securities Market via Taiwan Depository Receipts in February 2011, making it the debut SGX counter to be listed on GreTai Securities Market. Since its listings, Technics has embarked on an on-going, multi-pronged expansion programme to address the immense business potential in the oil and gas sector.
In addition to its engineering and fabrication facilities, Technics operates two waterfront yards (total: 49,610 square metres) located in Singapore and Indonesia's Batam Island. The construction of the jetty in the expanded Singapore yard has been completed since the end of 2009. The jetty is equipped with customised heavy-lift material handling facility for direct offloading of completed process modules weighing up to 1,000 tonnes from the shore onto a regular barge.
With a current strength of 567 full-time employees including in-house design and engineering team, Technics is one of the leading premier supply vendors for gas compression systems and topside process modules and equipment for Floating Production, Storage and Offloading ("FPSO") and Mobile Offshore Production Units ("MOPUs"), as well as fixed platforms, oil rigs and semi-submersibles. Other products include subsea high pressure manifolds, sub-sea protective structures and piping skids, as well as metering skids and mud-gas separators.
Over the past years, Technics has made strategic business ventures to expand its service and product offerings so as to entrench itself in the growing O&G and marine market. Technics' subsidiary, Norr Systems, provides electrical propulsion systems and ship-board automation systems, as well as dynamic positioning training for offshore vessels to operator teams under the Nautical Institute Scheme on Dynamic Positioning Vessel Control, using a L3-Communications NMS6000 Dynamic Positioning System. Technics has also incorporated a subsidiary, Technics Systems Solutions Pte Ltd , which will design, engineer, integrate, test and supply automation components for the O&G and Power industries.
Meanwhile, the Group's subsidiary in Suzhou, China - M2E Corp (Suzhou) Co., Ltd, manufactures crankshafts for compressors and engines. In August 2009, it secured a S$15 million contract from a new customer - Husky Injection Molding Systems Ltd to supply key machine building components for a period of three years, demonstrating its technical strength and capabilities to secure new orders and service top global customers.
The Group's business coverage now encompasses Singapore, Indonesia, Malaysia, Thailand, Vietnam, USA, Middle East, Australia, Myanmar and Bangladesh, with offices in Singapore, Batam, Jakarta and Vietnam. Fuelled by a strong commitment to excel and backed by a network that includes some of the world's leading multinational corporations, major equipment principals and strategic partners, Technics is poised to scale greater heights.