With sustained high oil prices and rising demand for oil, Exploration & Production (E&P) activities within the O&G industry are witnessing a supply bottleneck accompanied by a surge in average day rates for rigs and offshore supply vessels and a backlog in rig orders.

C Y Ng, Managing Director of IMC Offshore Engineering Pte Ltd, said: “IMC will meet the strong demand for offshore facilities in the industry. MES will complement our operations with its expertise in offshore engineering design and niche areas like fixed platforms and living quarters.”

Fixed platform projects in Asia are expected to increase significantly over the next five years as E&P activities in the region are predominantly focused on shallow-waters below 200m. “IMC is poised to add value to the shallow-water sector via its acquisition of MES, which is made up of a team of experienced engineers,” added Mr Ng.

Widely recognized within the offshore industry for its quality engineering work, MES has a good track record. Bob Cheung, Managing Director of MES, said, “Over the years, we have established a client list that includes internationally renowned companies in the O&G sector such as McDermott, Nippon Steel, Sembawang Corp, Japan-Vietnam Petroleum Co. and PTTEP Thailand among others.” MES has also done topside modules for Floating, Production, Storage and Operating (FPSO) units and semi-submersibles for MODEC, Tanker Pacific and Compass Energy.