SMOE Awarded North Sea Platform Contract

SMOE, the Oil and Gas division of SembCorp Utilities, has recently been awarded a contract for an offshore oil production platform and bridged-linked living quarters for Maersk Oil and Gas, a member of the Denmark-based A.P. Moller Group. The platform will be located in Danish waters and represents SMOE's first contract in the North Sea. The contract has a value of approximately S$150 million.

SMOE will be responsible for the engineering, procurement and fabrication of the process deck and accommodation module. Scheduled for completion in the first quarter of 2003, the combined process deck, accommodation module and bridge link will have a total weight of more than 6,500 metric tons.

"This contract represents a breakthrough for us. The North Sea oil installations are recognized for their stringent design and fabrication requirements and uncompromising high standards of quality and safety. This is one of the very few platforms in the North Sea that will be fabricated outside of Europe. It shows that international clients have the confidence in our ability to deliver a quality product and on a tight schedule", Mr M. P. Premraj, Senior Vice President of SMOE, said.

SMOE recently delivered a 11,500 metric ton topside deck for the Camago Malampaya Field in the Philippines, the largest oil and gas topside deck to be fabricated and installed in the Asia-Pacific region. In July the company completed a turnkey contract for a gas compression platform in the Natuna Sea, offshore Indonesia. SMOE is also currently undertaking projects for process and wellhead platforms for Iran as well as a Floating Production Storage and Off-loading vessel for Nigeria (in partnership with Sembawang Shipyard). In addition, they are currently constructing a wellhead platform for the East Timor – Australia Zone of Co-operation and compression and power modules for Vietnam and two wellhead platforms for China.