Creating strong waves in the Global Offshore Marine and Oil & Gas arenas
Falcon Energy Group Limited is a SGX Mainboard-listed leading player in the regional Offshore Marine and Oil and Gas sectors. The Group provides a full spectrum of support services for the Offshore Marine and Oil and Gas cycle, from initial exploration and drilling to production and post-production stages and also focuses on the production and post-production stage, with a focus on the production phase of oilfield activities.
The Group has five business divisions with operations spanning South-east Asia, India China, Australia, Mexico (Americas) and the Middle East. Its Marine Division provides offshore support vessels for services such as offshore hook up and commissioning, offshore conductor piling and pipe trenching, among others. Its Oilfield Services Division provides services such as agencies, warehousing, logistics, procurement and other general support activities. Through its Oilfield Projects Division, the Group executes various for oil companies. Since FEG entered the offshore oil drilling business through its order of two technically advanced jack-up drilling rigs, the Drilling Services Division is poised to be developed into a full-fledged drilling service provider for the oil majors and national oil companies. The Resources Division taps into the energy resource sector to carry out coal trading, coal mining and other related businesses.
The Group has built up a solid track record over the past 30 years. Its commitment to top quality operations, professional practices and safety standards has resulted in a clientele base that includes some of the largest oil majors in the world including Shell, ExxonMobil, Chevron, BP and TOTAL as well as oil contractors comprising McDermott, Halliburton, PetroChina and COSL.
The Group has a fleet of 16 Offshore Support Vessels (OSVs) comprising of 9 accommodation work barges, 5 multi-purpose support vessels, one seismic vessel and one anchor handling tug supply vessel. It also owns 29 per cent interest in Singapore-listed CH Offshore, an anchor handling tug supply vessel owner and operator.
The Group was listed on SGX SESDAQ on 2 December 2004 through a reverse takeover of Sembawang Music Holdings Limited and changed its name to Falcon Energy Group Limited on 13 November 2006. It was upgraded to SGX Mainboard on 8 September 2009.