(EnergyAsia, March 20 2012, Tuesday) — Rotating Offshore Solutions (ROS) has become the second company to invest in Singapore’s new Offshore Marine Centre (OMC) owned and managed by state industrial landlord JTC Corp.
ROS, an engineering, procurement, construction and commissioning services (EPCC) for the oil and gas industry, said its S$25 million facility ona two-hectare site at Tuas South Avenue 8 will include a four-storey office-cum-warehouse building with waterfront access. (US$1=S$1.25). The 27,000-sq ft facility will be used for developing engineering solutions for the offshore oil and gas sector and for “incubating” oil and gas entrepreneurs.
The site will include a fabrication area comprising three sheltered yards and an open yard to facilitate the installation of semi-automated fabrication equipment.
ROS will be designing, engineering and fabricating entire topside packages for floating production storage and offloading (FPSO) platforms that comprise at least 20 different modules used in processing oil and gas from offshore wells.
Victor Lim, ROS group CEO, said:
“In order to pursue new growth opportunities, we had to look for a waterfront yard that can enable a quick start-up with low upfront capital commitment. The OMC came as a natural choice for us as there is a common waterfront and berthing services facility, which makes the OMC an efficient plug-and-play infrastructure that allows our operations to start with minimal delay.
This is very helpful to SMEs like us, and we are glad that JTC has new projects like the OMC that takes care of the needs of SMEs.”
Manohar Khiatani, JTC’s CEO, said:
“We are delighted to have ROS, a homegrown SME, at the OMC. We developed the OMC to optimise the use of our limited waterfront land and enhance the competitiveness of the industry. Besides the quick start up, companies can enjoy reduced capital costs and lower operating costs because of the shared facilities at the OMC.
“The OMC development is testimony of JTC’s commitment to support the growth of key industry sectors by providing future-ready industrial infrastructure solutions.”
The 13-hectare OMC site was designed and developed by JTC to overcome Singapore’s scarce waterfront resources and to tap into new growth opportunities in the offshore and marine industry. The development is equipped with multi-user facilities including a common waterfront and berthing services facility for marine & offshore companies.