Singapore's Aqua-Terra bags $14 m contract

Singapore Exchange-listed oil and gas marine service firm Aqua-Terra Supply Co. has recently secured a contract of US$14 million from an unidentified offshore service provider with operations in Indonesia for the procurement and supply of marine equipment and system for three supply vessels.

According to the company in a Tuesday announcement, the project is scheduled for completion by the end of 2007.

CEO Eng Chiaw Koon said that the company was likely to expand further into the Indonesian oil & gas market as the Group can now tap onto the established networks of the PT Citra Tubindo Group.(alex)