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SembMarine wins US$1b North Sea contract

Tuesday, September 1, 2015 - 07:54
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Sembcorp Marine has clinched a more than US$1 billion engineering, procurement and construction contract to build three topsides for the Culzean Field development in the North Sea.

SEMBCORP Marine has clinched a more than US$1 billion engineering, procurement and construction contract to build three topsides for the Culzean Field development in the North Sea, the rig builder announced early Tuesday.

The contract amount, which includes long lead items, is for building a central processing facility, two connecting bridges, a wellhead platform and utilities and living quarters platform for Maersk Oil North Sea UK.

Sembcorp Marine unit SMOE Pte Ltd will provide engineering, procurement, construction and onshore pre-commissioning services while detailed engineering work will be performed by a subcontracting partner.

"We are pleased to secure this mega contract despite stiff competition from world class yards," said Ho Nee Sin, SembMarine's head of offshore platforms, in a statement.

SembMarine shares closed at S$2.39 on Monday.

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