Corporate digest

Federal International

AN associate of Federal International (2000) has received a "letter of intent to award" (LOI) for a US$155 million project. The project - awarded by PTTEP International (PTTEPI) to PT Gunanusa Utama Fabricators (PTG) - is for the engineering, procurement, construction and installation of two offshore wellhead platforms, associated pipelines, and tie-ins for the Zawtika Development Project Phase 1C. It is expected to take 19 months to complete.

Under the LOI, PTTEPI has the option to award additional platforms to PTG on or before July 31, 2017, also valued at US$155 million.