Singapore-listed Triyards has bagged contracts to build two oil barges for CPC Corporation.

The contracts from the Taiwanese state oil and gas firm are worth $21.82m. The oil barges for coastal use in Taiwan are expected to be delivered in the second quarter of 2018.

“This attests to our continued efforts to diversify our orderbook beyond the traditional O&G (oil and gas) sector. Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients,” said Chan Eng Yew, ceo of Triyards.