Singapore: IMC Corp has completed the acquisition of Marine Engineering Services Pte Ltd (MES), an offshore marine engineering company based in Singapore. This move will add engineering design capabilities to IMC's offshore engineering portfolio to meet the rising upstream demand within the Oil & Gas (O&G) industry.
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. [26/02/08]
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