Italy's Saipem gets procurement contract in Peciko field
Saturday, July 6 2002 - 02:16 AM WIB
Italian oil company Saipem SpA. has awarded a turnkey contract (EPSC2) for TotalFinaElf?s Peciko Development Project phase 4 in East Kalimantan.
The contract includes engineering, procurement, fabrication, transport and installation of two platforms and six pipelines offshore, Saipem said in a statement on Friday.
No details about the amount of the contract were provided.
The Peciko field is located in the prolific Kutai basin in water depths of around 40 meters. An estimated 6 trillion cubic feet reserves are present in Peciko.
Peciko currently supplies more than 250 millions of cubic feet per day gas to Bontang LNG plant. (robert)