Federal signs deal for gas pipeline project
Friday, October 20 2017 - 02:22 PM WIB
SGX-listed Federal International (2000) Ltd announced Friday that its wholly-owned subsidiary Federal Hardware Engineering Co. Pte Ltd (FHEC) has signed a procurement agreement (AGREEMENT) with PT Ogspro Indonesia to co‐ operate exclusively to execute a 15km of 36? pipe‐laying project for ENI Muara Bakau Lean Gas Pipeline Project in Kalimantan, Indonesia.
Federal said in a statement that the construction of the pipeline will take about 10 months to complete.
Under the agreement, FHEC shall provide the expertise for the materials and consumables supply, construction and will also undertake the project management.
FHEC shall be given the first right of refusal to supply the materials required for the construction and will also, undertake co‐management of the project, the statement said.
Editing by Reiner Simanjuntak