SMOE wins contract from Premier Oil
Monday, June 4 2012 - 04:02 AM WIB
SMOE Pte Ltd said its subsidiary PT SMOE Indonesia, in consortium with PT Rajawali Swiber Cakrawala, had secured a contract worth about US$175 million from Premier Oil Natuna Sea B.V. for the engineering and construction of 2 Wellhead Platforms, 2 infield sub-sea pipelines and modification works on an existing facility for the Naga and Pelikan Project, offshore Indonesia.
SMOE, a wholly-owned subsidiary of Sembcorp Marine, said in a press statement on Monday that the platform topside and jacket each weighs approximately 480 and 900 metric tons respectively. The sub-sea pipelines of 14 inch diameter by 19 km and 12 inch diameter by 32 km are tied to the existing Central Processing Platform.
PT SMOE Indonesia?s scope of work, worth about US$63 million, entails engineering design, procurement, construction, offshore hook-up and commissioning of the 2 platforms and modification work on the existing Central Processing Platform, while PT Rajawali Swiber Cakrawala is responsible for the engineering and laying of the 2 sub-sea pipelines as well as the transportation and installation of the 2 platforms in water depth of 82 meters.
Construction work on the platforms is expected to commence in July 2012 with offshore completion by September 2013.
?Both PT SMOE and PT Rajawali Swiber Cakrawala recognize each other?s strength and we are glad to have joined forces to secure this contract. This is the second contract award that PT SMOE Indonesia has secured from Premier Oil Natuna Sea B.V,? said Norman Chew, President Director of PT SMOE Indonesia.
The contract is not expected to have any impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2012.
Editing by Benget Besalicto Tnb.