Beng Kuang Marine wins S$7.4 million FPSO job in Angola

SGX Filings

Sep 07

Beng Kuang Marine Limited (BEZ) said on Sep, 07 2026 that its wholly owned subsidiary, Asian Sealand Offshore and Marine Pte. Ltd., has received a purchase order worth about 7.4 million Singapore dollars (approximately 5.84 million U.S. dollars) to perform works on a floating production storage and offloading vessel in the Angola offshore basin.

The contract covers supply and mobilisation of offshore personnel for tank‐related tasks, including supervision, rigging, scaffolding, fitting, welding, tank repairs and rope access. Completion is scheduled by Dec, 31 2026, with some mobilisation and demobilisation costs to be billed on an actual‐cost basis.

This is the company’s third project award in the Angola basin for the current financial year and is expected to contribute to revenue and earnings for FY2026, though it is not anticipated to materially affect net tangible assets per share.

No directors or controlling shareholders have any interest in the award beyond their respective shareholdings in the company.

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