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O&M players hitch a ride on offshore wind

Douglas Toh
Douglas Toh • 5 min read
O&M players hitch a ride on offshore wind
Wind turbines at the Bac Lieu Offshore Wind Farm in Vinh Trach Dong Commune, Bac Lieu province, Vietnam. Photo: Bloomberg
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For years, Singapore’s offshore and marine (O&M) companies have anchored their operations in oil rig services. But with volatile oil prices, a shift in focus has become essential. Today, three of Singapore’s listed O&M players are setting their sights on offshore wind farms as the next frontier.

Leading the charge is Sheffield Green, a provider of human resource solutions and training tailored to the offshore wind sector across markets in Taiwan, Japan and South Korea. In the wake of the 2014–2016 oil price downturn, CEO Bryan Kee spun off the firm in 2021 from the unlisted Sheffield Energy, which serves the oil sector.

Speaking at an Oct 16 panel, Kee says he observed that the skills required for offshore wind were similar to, and hence transferable from, traditional oil sector expertise.

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