SapuraAcergy Awarded Contract for Montara Development

SapuraAcergy received an award from PTTEP Australasia for the development of the Montara project in the southern Timor Sea. The scope of work includes the engineering, procurement, load out, transportation and construction activities for the removal and disposal of the existing topside. The contract also includes the transportation and installation of new pipelines, risers, umbilicals, spools, manifolds, FPSO mooring systems and replacement topside.

Engineering and project preparations will commence immediately with offshore installation scheduled to commence during 2011 using the Sapura 3000, SapuraAcergy's dynamic positioning heavy lift and pipelay vessel. Montara is located on AC/RL3 in the southern Timor Sea 404 miles (650 kilometers) from Darwin, Australia.

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