Beng Kuang Marine subsidiary secures $28.6m FPSO orders

Work involves FPSO life extension projects in West Africa.

Beng Kuang Marine Limited has announced that its subsidiary Asian Sealand Offshore and Marine Pte Ltd (ASOM) has secured two purchase orders totalling about $28.6m.

The orders are for floating production, storage, and offloading (FPSO) life extension work on two vessels operating in West Africa and convert previously disclosed advanced-stage work into confirmed contracts.

The group said the awards improve its secured order book, previously reported at about $18m with additional pipeline work pending formal orders.

Separately, Beng Kuang completed the acquisition of the remaining 49% stake in ASOM on 28 May 2026 after shareholder approval on 26 May 2026, making ASOM a fully owned subsidiary.

“The receipt of these FPSO life extension purchase orders is particularly significant as they represent the conversion of previously deferred FPSO life extension programs into secured contracts,” Yong Jiunn Run, chief executive officer of Beng Kuang Marine Limited, said.