Toll Offshore Petroleum Services (TOPS) has announced the recent completion of its head office development and berthing and jetty extension works at its Loyang Offshore Supply Base in Singapore, which will increase berthing capacity by 65 percent.
This brings the total sheltered berthing space to almost one kilometre, capable of accommodating drill ships, semi-submersibles, jack-up rigs and vessels of up to 26,000 displacement tonnes.
"This is a significant milestone in the re-development of the Loyang Offshore Supply Base which is scheduled for completion in September 2013," said David Jackson, CEO of Toll's Global Resources Division.
"'The Base' has been in operation since 1970 and since 2008 has been undergoing a comprehensive S$300 million [US$240 million) re-development catering for the specific demands of the offshore oil and gas industry. This has included constructing heavy duty roads, service infrastructure, car parking and amenity buildings, plus comprehensive upgrades to communications and security infrastructure. The Base is International Ship and Port Facility Security (ISPS) Code compliant.
"Toll's focus has been to deliver a world-class oil and gas logistics base. The re-development of the Base will cement its place as the region's premier oilfield services centre and continue to attract leading oil-industry organisations to accommodate their businesses here in Singapore.
Customers who have recently committed to new facilities in the Base include Data Marine Systems, Subsea 7, CGG Veritas, and Altus. Weatherford Asia Pacific has also announced that it will locate its Asia Pacific headquarters in a purpose built 20,000m2 facility in the base due for completion in May 2012. Hallin and Panalpina took possession of new facilities in early 2010.
Disclosure: Members of the Baird family or companies in the Baird Publications group own shares in Toll Holdings.
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