SMOE Bags $190M Contract from Bechtel to Fabricate LNG Process Modules
Singapore's Sembcorp Marine Ltd. reported Tuesday that its wholly-owned subsidiary SMOE Pte Ltd. has secured a contract with Bechtel Corp. for the fabrication of liquefied natural gas processing modules for a resource project in Western Australia.
Work on the modules is expected to commence in Indonesia from November 2014. The contract value is estimated at $190 million.
The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending Dec. 31.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Singapore's Sembcorp Marine 1Q Profit Slumps 86%, Outlook Subdued (Apr 25)
- Rig Builder Sembcorp Marine 2Q Net Profit Falls 51% (Jul 27)
- Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive (Sep 08)
Company: Bechtel Corporation more info
- Bechtel: LNG Demand May Need $200 Billion Investment (Apr 10)
- Bechtel to Complete Building the Last 2 LNG Trains on Curtis Island in 2016 (Jan 12)
- Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan (Oct 07)
Company: SMOE more info
- SMOE Delivers Ivar Aasen Field's Platform Deck to Det norske (May 24)
- SMOE Bags $1B EPC Contract from Maersk Oil for Culzean Project in North Sea (Sep 01)
- SMOE Bags $190M Contract from Bechtel to Fabricate LNG Process Modules (Sep 24)