CSE Global lands two O&G contracts totaling US$75 million

Singapore two-dollar bills

CSE Global’s Americas region landed two new oil and gas contracts valued at US$74.7 million, or around S$103.7 million, the technology services company said in a filing to SGX Tuesday.

The new orders income projects for design, fabrication and construction, engineering and integration of production control systems and equipment, the filing said.

The works will also include chemical injection pump skids to support production of subsea wells, operation of subsea gas trunk lines and other subsea infrastructure, CSE Global said.

The company said the projects are expected to contribute positively to its results starting from the 2020 financial year, but wasn’t expected to have any material impact on the current year’s earnings per share.

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