Kencana Wins Fabrication Contract from PT Sempec Indonesia

Kencana Petroleum's subsidiary, Kencana HL Sdn. Bhd. has received a Letter of Award from PT Sempec Indonesia (a subsidiary of Punj Lloyd Ltd, India) for the fabrication of four Wellhead Platforms.

The contract includes fabrication and related services for four Wellhead Platforms comprising decks, jackets, piles and conductors. The Wellhead Platforms form part of the Heera Redevelopment Project located offshore west coast of India. The project owner is ONGC. The contract is expected to be fully completed by early 2008. The contract value is approximately RM80 million. The contract award is subject to terms and conditions to be mutually agreed.