Sembcorp and Swiber JV lands $175 million Indonesian offshore contract

PT SMOEJUNE 4, 2012 — Through their Indonesian subsidiaries, PT SMOE and PT Rajawali Swiber Cakrawala, Singapore's Sembcorp Marine and Swiber Holdings have won a $175 million contract from Premier Oil Natuna Sea B.V. for the engineering and construction of two wellhead platforms, two infield sub-sea pipelines and modification works on an existing facility for the Naga and Pelikan Project, offshore Indonesia.

The platform topside and jacket weigh approximately 480 and 900 metric tonnes  apiece 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.

The scope of work for Sembcorp's PT SMOE Indonesia, worth about $63 million, entails engineering design, procurement, construction, offshore hook-up and commissioning of the two platforms and modification work on the existing central processing platform, while PT Rajawali Swiber Cakrawala will be responsible for the engineering and laying of the two sub-sea pipelines as well as the transportation and installation of the two platforms in water depth of 82 m. 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 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."

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, "The Group has shown our mettle in executing complex offshore projects in a wide variety of terrains and is now firmly established in the offshore sector's big league. In addition to Swiber's strong fleet of vessels and top-in-class taskforce, Swiber's value proposition is enhanced by our synergistic partnerships with cutting-edge offshore service providers such as PT SMOE Indonesia. We share this milestone win with PT SMOE Indonesia and are excited to embark on this EPCI Project in Indonesia together. "

PT SMOE Indonesia owns and manages a 67.5 ha purpose built yard which started operations in 2003 in Batam. With its large graveled surface and half a kilometer of reinforced deepwater quayside, the yard has tapped into an increasing number of local offshore projects and undertaken heavy-weight EPIC projects.

Want more? Subscribe now!

News from NASDAQ