LOC Group has signed a three-year contract with Brunei Shell Petroleum Company (BSP) for a range of services in Brunei.
The scope of the contract includes, but is not limited to, marine assurance audits, dynamic positioning consultancy, surveying and rig move support services.
Following this contract win, LOC Group will establish a new corporate entity in Brunei and will start in-country services later this year, the company noted.
Olof Koning, managing director South East Asia, said: “With the joint effort of various departments within LOC, this is the fourth Marine Assurance contract LOC Singapore has secured with a major oil and gas company in Asia this year. We continue to enjoy good momentum in the market and are very pleased to be assisting BSP with their operations in Brunei and to be establishing another new operating location to add to our regional portfolio.”