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Friday, February 16, 2007

Singapore's Sembcorp Marine wins US$80 mln contract in Indonesia

Singapore (ANTARA News) - Sembcorp Marine said has won an 80 mln usd contract to build two offshore platforms for TOTAL E&P Indonesie.

It secured the contract through its unit SMOE Pte Ltd's subsidiary PT SMOE Indonesia.

"PT SMOE Indonesia will undertake engineering, procurement, construction, transportation, installation, hook up and commissioning for a manifold and a compression platform to be installed in Indonesia's Tunu Field, which is located on the East of Kalimantan," Sembcorp Marine told XFN Asia.

The platforms are expected to be completed by the first quarter of 2009.

The contract is not expected to have any material impact on Sembcorp Marine's financial performance this year, the company said.

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