Australia: SapuraKencana Receives Contract for Origin’s Otway Development

Australia SapuraKencana Receives Contract for Origin's Otway Development

 

The Board of Directors of SapuraKencana Petroleum Berhad announced that SC Projects Pty Ltd, a wholly owned subsidiary of the Company incorporated in Australia, had received the Award from Origin Energy Resources Ltd for the Origin Otway Phase 3 Development.

The Origin Otway Phase 3 Development will be developed and operated by Origin together with its joint venture partners Toyota Tsusho (Australasia) Pty Ltd and Benaris International Pty Ltd.

SC Projects Pty Ltd’s scope of work will involve project management, installation engineering, procurement, fabrication, installation and pre-commissioning works associated to the development of the Geographe discovery, located approximately 55 km offshore Port Campbell, Victoria, Australia.

SapuraClough will utilise the vessel Normand Clough as the main installation vessel to carry out the work.

The value of the Award is approximately $51 million AUD (equivalent to RM157.25 million), for a contract period of 14 months.

The risks associated with the Award are mainly operational risks. Notwithstanding this, the Management shall always ensure strict compliance to the safety and operational procedures in the execution of contract requirements.

The Award will have no effect on the issued and paid-up capital of the Company and is expected to contribute positively to the Group’s earnings and net tangible assets for the financial year ending 2013.

Subsea World News Staff, May 23, 2012; Image: SapuraClough

Share this article

Follow Subsea World News

Events>

<< Aug 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

FPSO World Congress 2016

The FPSO World Congress debuted as a humble platform for project information and knowledge exchange surrounding a relatively new floating…

read more >

ONS 2016

The ONS Conference is known as one of the world’s most important oil, gas and energy fora, giving the delegates a sneak peek into the future…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

SPE Intelligent Energy International

SPE Intelligent Energy International consists of an SPE produced technical conference and a world-class exhibition positioned at the forefront…

read more >