Saturday, October 3, 2009

SapuraAcergy bags US$170m Aussie deal

APURAACERGY Sdn Bhd (SASB) has been awarded a US$170 million (RM600 million) contract to transport and install offshore facilities in Australia.

SASB is a joint-venture company equally owned by SapuraCrest Petroleum Bhd and Acergy S.A. The contract was awarded by Apache Energy Ltd.

The contract involving works in the Devil Creek Development Project (DCDP) entails transportation and installation of approximately 91km of 16-inch rigid pipeline including a shallow water beach approach, subsea tie-ins and stabilisation works together with a wellhead platform of 1,700-tonne four leg jacket and a 450 tonne topside processing module.

It would be undertaken in water depths of approximately 60 metres.

"This contract award is significant as it establishes SASB's presence in the promising Australian oil and gas market," SapuraCrest executive vice-chairman and chairman of SASB Datuk Shahril Shamsuddin said in Perth after signing of the contract award yesterday.
The DCDP has been initiated to recover and process the gas reserves from the Reindeer gas field located 80km northwest of the port of Dampier, a major industrial port in the north-west of Western Australia.

Engineering and project preparations will commence immediately and offshore installation is scheduled to commence in late 2010 using the Sapura 3000, SASB's state of the art dynamic positioning heavy lift and pipelay vessel and project specific third party support vessels. The job is scheduled for completion by early 2011.

Shahril said the group was making good progress in securing international projects and that the new contract has boosted SapuraCrest's order book to RM7 billion.

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