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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 metres. Construction work on the platforms is expected to commence in July 2012 with offshore completion by September 2013. Mr Norman Chew, President Director of PT SMOE Indonesia said “Both PT SMOE and PT Rajawali Swiber Cakrawala recognise 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.” The contract is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2012 About PT SMOE Indonesia PT SMOE Indonesia, a subsidiary of SMOE, offers turnkey engineering and contracting services to the Indonesian oil and gas industry through its custom-built 68.5 hectares yard on Batam Island. The yard also complements the global contracting activities of SMOE, a fully-owned subsidiary of Sembcorp Marine. Its track record includes production and wellhead platforms, jackets, living quarters and modules. Sembcorp Industries press release |
SMOE's Indonesian Subsidiary Secures Contract Worth about US$63 Million for Engineering and Construction of Two Wellhead Platforms