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Keyfield isn’t an upstream oil and gas company, it doesn’t drill or produce oil. Instead, it provides offshore accommodation and support services that keep platforms running, making its business more stable and less affected by oil price swings. Its main clients include PETRONAS Carigali, Shell, and PTTEP. The company is also reducing reliance on oil and gas by targeting up to 20% of revenue from new areas like subsea cable laying and offshore renewables, marking a move toward becoming a broader marine and offshore service provider.
Looks like investors are starting to recognize Keyfield’s shift toward a modern fleet, steady recurring income, and new growth areas such as cable-laying and offshore renewables
