Sembcorp Marine's subsidiary SMOE secures LNG process modules assembly contract
Sembcorp Marine announces that its wholly-owned subsidiary SMOE has secured a contract with Bechtel for the fabrication of liquefied natural gas processing modules for a resource project in Western Australia, the company said in its press release.
Work on the modules is expected to commence in Indonesia from November 2014. The contract value is estimated at USD$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 December 31, 2014.
About Bechtel
Bechtel is among the most respected engineering, project management, and construction companies in the world. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 25,000 projects in 160 countries on all seven continents. www.bechtel.com
About Sembcorp Marine
Sembcorp Marine is a leading global marine and offshore engineering group with over 50 years of experience and proven capabilities in repair, specialised shipbuilding, building of high-specification jack-up rigs, fast-track construction of ultra-deepwater semi-submersible rigs, conversion of floating production and storage facilities as well as the engineering and construction of offshore platforms.
Headquartered in Singapore, Sembcorp Marine has a network of six shipyards in Singapore – Jurong Shipyard, Sembawang Shipyard, SMOE, PPL Shipyard, Jurong SML and Sembmarine Integrated Yard @ Tuas. The 73.3-hectare Sembmarine Integrated Yard @ Tuas Phase I facility commenced operations in August 2013. The Group’s strategic presence spans Indonesia, China, India, United Kingdom and Brazil.
SMOE Pte Ltd, with its reputed leading turnkey contractor status in the oil and gas industry and track record of more than 40 years, provides its worldwide clientele with engineering and construction services for offshore fixed and floating facilities, specialised modules and the modularisation of onshore LNG plants.
