Wednesday, January 26, 2011

SapuraCrest gets US$31.5m Petronas job in Andaman Sea

KUALA LUMPUR: SAPURACREST PETROLEUM BHD [] secured a US$31.5 million contract from Petroliam Nasional Bhd's subsidiary to install offshore facilities in the Andaman Sea.

SapuraCrest said on Wednesday, Jan 26 its unit TL Offshore Sdn Bhd had received a letter of award from Petronas subsidiary PC Myanmar (Hong Kong) Ltd for the transportation and installation of offshore facilities for the Yetagun Phase 4 development.

'The offshore works are expected to commence between October to November 2011 and run for a duration of 40 days,' it said, adding the value of the works was about US$31.5 million.


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