Oil & Gas Equipment and Services

Singapore is a leading Oil & Gas (O&G) Equipment and Services hub in Asia, and hosts over 3,000 established Marine and Offshore Engineering (M&OE) firms. Our world-class capabilities and excellent connectivity continue to attract more industry players here to tap into Asia’s strong growth potential.

Best-In-Class Base

Rich ecosystem

Our strengths in design, engineering, manufacturing and innovation have attracted the world’s largest O&G Equipment/Services firms to set up their bases here. These include Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger and TechnipFMC, which have entrusted Singapore with regional or global responsibilities for key product lines like completion tools and artificial lift. Top component and services suppliers like Energy Alloys and OMS are also based here.

Some of the world’s largest O&G Equipment/Services firms are based here, from Baker Hughes to TechnipFMC.

Cutting-edge R&D

The Technology Centre for Offshore and Marine Singapore (TCOMS) is Singapore’s first national R&D centre for the sector, as well as the broader M&OE industry. Launched in October 2016, TCOMS drives public-private partnerships to develop cutting-edge solutions for the industry. In parallel, A*STAR continues to work with O&G Equipment/Services firms and institutes to tackle challenges such as drilling under extreme deep-sea conditions.

TCOMS features nearly S$107 million worth of best-in-class infrastructure, including a deepwater ocean basin.

World-class hub for activities across the O&G value chain

Despite having no O&G resources of our own, Singapore is Asia’s top petrochemicals hub and one of the world’s top 3 export refining centres. As a premier financial and supply-chain hub with world-class logistics infrastructure, we fully support the business and HQ functions of O&G firms based here. We continue to enhance our infrastructure, such as building a LNG terminal, with a second one being considered.

Our best-in-class, integrated energy and chemicals hub on Jurong Island supports Asia’s growing energy needs.

At a Glance

S$5.13bil

of total output generated in 2015 was by the O&G Equipment and Services sector. It is a vital part of the M&OE industry, comprising 7% of Singapore’s 2015 total manufacturing output.

 

10k

skilled workers served the needs of the sector in 2015.

 

5

of the world's top Oilfield Equipment/Services companies (based on 2015 revenue) have business units here that use Singapore as a global or regional hub for manufacturing and/or services.