Toll starts Loyang base redevelopment

Melbourne-based Toll Holdings has started a $250 million redevelopment of the former Singapore Offshore Supply Base, home to more than 200 companies serving the Asian oil and gas E&P sector.

Sep 30th, 2008

Offshore staff

SINGAPORE -- Melbourne-based Toll Holdings has started a $250 million redevelopment of the former Singapore Offshore Supply Base, home to more than 200 companies serving the Asian oil and gas E&P sector.

Toll said the redevelopment of the base, renamed Toll Offshore Petroleum Services (TOPS), will be carried out over the next five years through nine phases.

Toll's investment in the redevelopment of the base at Loyang on the east coast of Singapore will ensure TOPS retains its prime position, while providing world-class facilities to the industry for decades to come, said Paul Little, Toll Holdings managing director, at the ground breaking ceremony held today.

09/29/2008

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