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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

The yard of Gunanusa Utama Fabricators in Cilegon, Indonesia. The company has roped in two sub-contractors for Lot 1 of the Zawtika 1C project.


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...