Federal secures Java pipeline installation work from Pertamina
Wednesday, July 2 2008 - 11:41 AM WIB
Singapore oil, gas engineering and procurement firm Federal International (2000) Ltd announced Wednesday it has secured a Build, Operate and Own (BOO) project through its business associate, PT. Geolink Nusantara, for an oil pipeline installation in East & Central Java.
The company will be involved in project management and procurement of materials for this BOO project which entails the engineering, procurement, construction and installation of a 6? x 40 km oil pipeline from Banyu Urip to Mudi and two oil storage tanks for customer PT Pertamina EP Cepu.
Project planning had commenced in May 2008 and is scheduled to be completed by January 2009. The project, which is expected to generate revenue of approximately US$14 million for the Federal Group over a contractual period of 33 months, kicks off from January 2009. (alex)