On July 17, 2024, Blackridge Research & Consulting, an independent market research and consulting organization, released its Global Top 20 Floating Production, Storage & Offloading (FPSO) companies for the year 2024. This prestigious list includes both operator-level and contractor-level companies.
MTC Engineering Sdn Bhd proudly secured the 20th position globally, a significant achievement considering the competition primarily consists of multinational oil and gas corporations. MTC Engineering has demonstrated exceptional expertise, operating two FPSOs across six fields. Currently, MTC Engineering operates FPSO MTC Ledang offshore Terengganu, Malaysia, and is constructing FPSO Marlin Natuna in Indonesia as part of a consortium with PT Hanochem Tiaka Samudera and PT Cakra Bahana, adding to its ever-growing fleet size.
The FPSO market has seen a surge in demand due to rising crude oil prices, depleting current oil and gas reserves, new deepwater discoveries, and shorter development schedules. MTC Engineering understands these market dynamics and consistently offers a comprehensive, fast-track offshore solution through its Humming Bird Offshore Solution®.
MTC Engineering is keen to expand its fleet size by targeting upcoming FPSO projects in the APAC region. With its proven track record and commitment to excellence, MTC Engineering aims to climb higher in the global rankings in the years to come.
