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Federal Int'l's unit bags US$150m Lot 2 deal from Thai oil firm PTTEP

Combining with Lot 1, the aggregate value of the award for Zawtika 1C to PTG is about US$305m

Published Fri, Oct 7, 2016 · 09:50 PM

Singapore

MAINBOARD-LISTED Federal International (2000)'s Indonesian associate PT Gunanusa Utama Fabricators (PTG) has secured a second award, valued at about US$150 million, from Thailand's national oil company PTT Exploration & Production (PTTEP).

The Singapore oil and gas procurement specialist said after trading hours on Friday that PTG has received confirmation from PTTEP to proceed with Lot 2 of the Zawtika 1C project. Lot 2 comprises two wellhead platforms, associated pipelines and tie-ins.

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