Tuesday, November 30, 2010

SapuraCrest JV lands US$160m Aussie job

KUALA LUMPUR: SAPURACREST PETROLEUM BHD [] and its partner have secured a US$160 million (RM504 million) contract from PTTEP Australasia (Ashmore Cartier) Pty Ltd to provide offshore transportation and CONSTRUCTION [] activities for PTTEPAAA's Montara Development project'' in Australia.

The Montara Development Project is in the southern Timor Sea,'' approximately 650km west of Darwin.

SapuraCrest said on Tuesday, Nov 30 that SapuraAcergy Sdn Bhd (SASB) a joint venture company it equally owns with Acergy SA had received a letter of award for the contract on Nov 25.

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