5 October 2023
Under the Radar: Dyna-Mac’s CEO and Executive Chairman on its quest to help energy firms extract oil in remote areas and deeper waters
Helping energy firms extract oil in remote areas and in deeper waters in a more pocket friendly manner. That’s exactly what our guest for today does.
Founded in 1990, SGX mainboard-listed Dyna-Mac is a global multi-disciplinary contractor who undertakes the detailed engineering, procurement, and construction of modules and facilities in vessels widely used in the oil and gas industry.
One of them is the FPSO (floating production storage and offloading vessel). This is a ship that could be used to store treated crude oil produced in remote areas and offload them to tankers that transport them to refineries.
Such vessels eliminate the need to transport crude oil through fixed pipes, thereby making it economically viable for energy companies to extract oil in less accessible areas and deeper waters.
Meanwhile, Dyna-Mac recently secured several contracts worth a total provisional sum of S$88 million from repeat customers, bringing its net order book to S$630.7 million. But how does the firm assess its financial performance?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Lim Ah Cheng, Executive Chairman and CEO, Dyna-Mac.

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