SMOE Clinches S$280 Million Offshore Platform Turnkey Contract

China, Oct 24, 2001

SMOE, the Oil and Gas division of SembCorp Utilities (SembUtilities), in partnership with Saipem Asia, has been awarded a S$280 million turnkey contract by Devon Energy China for the Panyu Joint Development in the South China Sea. The project is scheduled for completion in the third quarter of 2003.

Devon Energy China is the operator of the Panyu Joint Development on behalf of partners China National Offshore Oil Company and Burlington Resources China.

SMOE will perform the engineering, procurement, construction and offshore hook-up and commissioning of the Panyu 4-2 and Panyu 5-1 Wellhead Platforms. Saipem Asia will be responsible for the transportation and installation of the two platforms, as well as engineering, procurement and installation of associated pipelines and subsea cables. The platforms will be located in water depths ranging from 97 to 110 metres in the Pearl River mouth basin, approximately 200 km south of Hong Kong.

The two drilling platforms will have a total weight of more than 22,000 metric tonnes. SMOE will sub-contract the fabrication of the two eight-legged jackets weighing 10,800 tonnes to SMOE’s associate company, Chiwan Sembawang Engineering, located in Shenzen, China. The two platforms will have capacities to handle between 100,000 and 120,000 barrels of fluids per day and support permanent drilling facilities.

“We are pleased to have secured our first contract with Devon Energy to execute this sizeable project. Capitalising on the high market potential in the oil and gas industry, we will continue to focus on bringing in additional projects,” Mr M. P. Premraj, Senior Vice President of SMOE, said. 

SMOE offers turnkey engineering and contracting services to the oil and gas industry. The company recently delivered an 11,500 metric tonne 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 SMOE 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 in Iran, a Floating Production Storage and Off-loading (FPSO) topside for Nigeria, a wellhead platform for the East Timor – Australia Zone of Co-operation and water injection and power and modules for Vietnam. 

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For press enquiries, please contact:
 
Ms Ng Lay San
Manager
Group Corporate Relations
SembCorp Industries
Tel: (65) 357 9150
Fax: (65) 352 2163
Email: laysan@sembcorp.com.sg

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