Beng Kuang locks in $85m in West Africa contracts

This formalises West Africa lifecycle mandate renewals announced in April.

Beng Kuang Marine has converted previously announced offshore lifecycle mandates in West Africa into formal purchase orders, contributing to $85.2m in new contracts and purchase orders secured in the first half of 2026.

The company said its offshore services subsidiary, Asian Sealand Offshore & Marine (ASOM), secured about $27.6m in new contracts and purchase orders in the first quarter (Q1) and $57.6m in Q2.

The second-quarter awards included two purchase orders worth a combined $36.96m (US$28.6m) for tank services as part of the life extension programmes of two floating production, storage, and offloading (FPSO) vessels operating in West Africa.

Beng Kuang Marine said the purchase orders formalise the West Africa lifecycle mandate renewals announced in April.

The company said the framework agreements cover tank services over multiple maintenance cycles, with the scope of work subject to contractual terms and operators' requirements.

As of 30 June, ASOM had about $52.3m of contracted work remaining.

Its other subsidiaries, PT Nexus Engineering Indonesia (NEI) and International Offshore Equipments (IOE), had outstanding order books of about $7.3m and $11.1m, respectively.

Together, the three businesses had about $70.7m of contracted work and outstanding orders at the end of H1.

"The first half saw ASOM convert a meaningful portion of its West Africa lifecycle mandates into formal purchase orders, including two tank-services frameworks supporting multiple maintenance cycles," said Yong Jiunn Run, CEO of Beng Kuang Marine.

The group said it will focus on delivering its existing contracts whilst continuing to pursue selected opportunities in offshore lifecycle services, shipbuilding and deck equipment.

It added that NEI and IOE will continue to execute their current projects whilst selectively adding new work.