Beng Kuang Marine reported that its subsidiary, Asian Sealand Offshore & Marine (ASOM) secured contracts totalling $85.2 million for 1HFY2026 ended June 30.
In a bourse filing on July 7, Beng Kuang notes that ASOM signed approximately $27.6 million in the first quarter and about $57.6 million in the second, all backed by formal purchase orders.
The 2Q2026 awards include two FPSO tank-services purchase orders relating to vessels operating in West Africa, with stated aggregate values of approximately US$28.6 million. These formalised the West Africa lifecycle mandate renewals referenced in the company's contract update dated April 15.
The framework arrangements provide for tank-services support over multiple maintenance cycles, with actual scope and consumption subject to the respective contractual terms and operator requirements. Tank services and maintenance activities signal the early phases of an FPSO life extension programme over a multi-year period, providing sustained opportunities for the Beng Kuang.
ASOM had approximately $52.3 million of contracted work remaining as at end-June. This is a point-in-time balance and includes framework scopes that may be performed beyond FY2026.
In addition, Beng Kuang shares that subsidiary PT. Nexus Engineering Indonesia had approximately $7.3 million of outstanding order book across four active projects at its Batam yard and International Offshore Equipments had approximately $11.1 million of outstanding order book, with staged crane, davit and aftermarket deliveries extending into FY2028.
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“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,” says Beng Kuang CEO Yong Jiunn Run. “We remain focused on disciplined execution and the continued conversion of opportunities across our offshore lifecycle and engineering businesses.”
