SapuraAcergy Awarded Contract Offshore Vietnam

Source: www.gulfoilandgas.com 1/10/2012, Location: Asia

Subsea 7 S.A. announced that SapuraAcergy Sdn Bhd (SASB) has been awarded a contract for a subsea construction project, offshore Vietnam. The scope of work requires the installation of: 28km of 12” diameter pipeline, a 28km umbilical, PLETs and SSIV Structures, spools and pre-commissioning. The value of the contract awarded is approximately $100 million, with the offshore work expected to be performed in mid 2012.

SASB is a joint venture company equally owned by SapuraCrest Petroleum Berhad and Subsea 7 S.A. This project will be accounted for in the share of results of associates and joint ventures line in the Subsea 7 accounts. For this reason, the value of this award will not appear in Subsea 7’s reported backlog and revenue.


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Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


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