Sembmarine Bags Two Deals Worth US$400 plus million

Sembcorp Marine Offshore Platforms Pte Ltd revealed on the 26^th December that it has clinched two offshore platform contracts worth over US$405 million (S$550 million).

The deals are said to support redevelopment efforts at the Al Shaheen and Tyra fields, which are located respectively in Qatari waters and the Danish North Sea.

Sembmarine noted that it will team up with customer North Oil Company (NOC) to fabricate two well-head platforms for the NOC-operated Al Shaheen oil field. The contract covers engineering, procurement, construction, installation, commissioning and offshore brownfield integration of the platforms, according to Sembmarine.

As part of its Tyra field deal, Sembmarine said, as a subcontractor, it will fabricate “certain platforms and bridges” for Total E&P Danmark A/S in the Tyra redevelopment project. The platforms will, in part, replace ageing facilities and sustain daily outputs of 60,000 barrels of oil equivalent at the Tyra field over the next 25 years, Sembmarine highlighted.

“Sembcorp Marine’s successful bids in the Gallaf Batch 2 and Tyra projects reinforce our engineering expertise in catering to different geographies and operating environments,” Sembmarine Head of Offshore Platforms, Samuel Wong, said.

“Our latest contracts reflect the confidence which global players like NOC and Total have in our track record. We are excited to partner with them and look forward to expanding our footprint at the Al Shaheen and Tyra fields,” he added.

Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries, the company’s website states. The business posted a net loss of US$59 million for the nine months ended the 30^th September.

This compared to a net loss of US$80 million during the same period last year.

Source: Rigzone