Here's how Keppel O&M is securing its foothold on future key markets

Recent strategies are effective, says Maybank.

Keppel Corporation has adopted a “Near Market, Near Customer” strategy, and entered into recent ventures for new shipyards such as the 62ha yard in Baku, Azerbaijan (JV with SOCAR and AIC) and its newly signed MOU with Pemex to jointly develop a 35ha (phase 1) shipyard in Mexico.

"In our view, these long term strategic moves help secure potential orders related to future large E&P spending. It would also provide an edge over aspiring Chinese rigbuilders who do not have presence in these regions," said Maybank.

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