Dyna-Mac Holdings has secured a fabrication project from BW Offshore group for a total estimated contract value of $197 million on May 24.
BW Offshore group is a repeat customer of the group.
The contract, which was signed by a wholly-owned subsidiary of the BW Offshore group, is for the supply, fabrication and construction of Topside Modules for the Barossa Floating Production Storage Offloading (FPSO) vessel.
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The vessel will be operating in offshore Darwin in northern Australia.
The win brings Dyna-Mac’s order book to $368 million to-date, with deliveries up to 2023.
The group says it is “currently evaluating the need to expand its yard capacities and is increasing its local and overseas fabrication capacity to fulfill potential demand in FPSO topside modules, LNG and hydrogen / ammonia production modules” in a May 24 filing.
Shares in Dyna-Mac closed 0.1 cent higher or 1% up at 9.5 cents on May 24.
