Singapore’s Federal JWR gets $21.6 million contract from Pertamina-Semco
Tuesday, March 9 2004 - 06:27 PM WIB
Singapore-based service company Federal JWR Energy Pte Ltd has been awarded a US$21.6 million contract from Pertamina-PT Semberani Persada Oil (Semco) TAC for a rental of production facilities for the Semberah Field Development project in East Kalimantan for a period of 5 years with 3- year extension option.
The agreement also allows for the purchase of equipment after the expiry of the 5 years rental.
Federal JWR is formed by Federal International (40 percent) and PT Jaya Wijaya Raya (60 percent) in a bid to jointly pursue and execute turnkey engineering, procurement and construction projects in Indonesia.(robert)