The new combined company resulting from the merger of Singapore’s Keppel Offshore & Marine and Sembcorp Marine will target renewable and clean-energy solutions, while continuing to pursue large oil and gas production facilities.

The combined net order book of the pair was S$6.4 billion (US$4.6 billion) at the end of 2021, of which Keppel contributed $5.1 billion.

For Keppel, this comprises traditional work such as drilling rigs, floating production, storage and offloading vessel topsides, two floating liquefied natural gas vessel conversions, various major repair jobs and a number of projects related to offshore wind farms.