From Business Times – SapuraCrest bags RM3b Contract


Dateline 2009-03-18 (story link here):

SapuraCrest Petroleum Bhd has won a contract worth US$825 million (RM3 billion) for installation works at the Gumusut-Kakap field, about 200km offshore Sabah.

The field is located in 1,200m water depth.

The contract from Sabah Shell Petroleum Co Ltd will be executed over three years, beginning this year, SapuraCrest told Bursa Malaysia yesterday.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

On the same topic from the Oil & Gas Journal (dateline 2009-02-05):

Sabah Shell Petroleum Co. Ltd. Sdn. Bhd. awarded JP Kenny Wood Group a contract for subsea integration and follow-up engineering work for the Gumusut-Kakap deepwater development in 1,300 m of water, 120 km off Sabah, Malaysia, on Blocks J and K

And I thought that G-K would languish until the recession is over.

This entry was posted on Friday, March 20th, 2009 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a comment