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SCOMI Engineering Secures OCTG Contract From Saudi Aramco

Source: www.gulfoilandgas.com 5/11/2006, Location: Middle East

Scomi Engineering Bhd, a subsidiary of Scomi Group Bhd had received another major order from Saudi Arabian Oil Company (“Saudi Aramco”) for the supply of Oil Country Tubular Goods (“OCTG”). The order was awarded to Scomi Engineering’s Singapore machine shop unit, OMS Oilfield Services Pte. Ltd.

This order is the single largest order received todate since OMS penetrated the market in 2003. The expected contribution to Scomi Engineering’s turnover is approximately RM80 million, which will be realised in the 4th Quarter 2006 and the 1st Quarter 2007. The contract value is more than doubled the previous contract awarded by Saudi Aramco in March this year. With this new contract, the total value of all contracts awarded by Saudi Aramco to OMS for this year has increased to approximately RM115 million.

This order, similar to the previous order, is for the supply of large diameter casing pipes and connectors, equipped with our proprietary JV-LW connectors. The order will be supplied in lengths of between 38 feet to 42 feet each. The order is targeted for delivery within the 4th Quarter 2006 and the 1st Quarter 2007, said Hilmy Zaini, Senior Vice President of Scomi Engineering.

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Related Categories: Blowout Preventers Ram, Rotary, Spherical & Annular  Casing, Tubing & Drill Pipes  Coiled Tubing  Drill Bits and Cutters  Extraction Equipment  General  Handling Tools  Hoisting Systems  Lubricating Equipment 

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