Market review The prevailing low oil price environment in 2016, which made it unattractive for Oil & Gas majors to consider further investment, continued to pose a challenge to players in the offshore construction sector. However, the intervention by OPEC and non-OPEC countries to restrict oil output to quickly ease the supply glut, as well as Saudi Arabia’s decision to reduce output by more than it had first suggested, are b o t h p o s i t i v e d e v e l o pm e n t s . Nevertheless, it remains to be seen whether these countries will honour their commitments. Owns and operates one of the largest marine and heavy engineering FACILITIES in the region One of the largest dry dock in in terms of cubic capacity Southeast Asia Goliath Crane Completed the first of its a massive structure with a 600-tonne lifting capacity and a 100 metre hook height 73 Performance Review
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