Posted on July - 13 - 2011
Sembcorp Marine lands $600 million deal for energy platform
SEMBCORP Marine has landed a $600 million contract to build an offshore energy platform – one of the biggest single deals won by a local marine company.
The huge deal brought Sembcorp Marine’s net order book to $5.82 billion, including $2.09 billion of new orders from this year.
The new job was secured by Sembcorp unit SMOE, which specialises in building oil production platforms containing staff living quarters. It is SMOE’s largest deal.
It will be built in Singapore for the Yangon branch of PTTEP International, a Bangkok-based oil and gas producer, and installed at a depth of 150m in the Andaman Sea, off Myanmar. It will have living quarters for 128 men.
Construction should start in October, with its completion, including installation, to be by November 2013.
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