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.
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