Sembcorp secures $674 million rig building contract
SINGAPORE--Sembcorp has announced that its unit Jurong Do Brazil has secured a $674 million contract to build offshore modules in the Tupi oil field off the coast of Brazil.
The contract placed by a consortium controlled by Petrobras involves the construction of modules and associated equipment for two floating production and storage vessels, Sembcorp said in a statement. The work is scheduled for completion in 60 months; each vessel will have a production capacity of 150,000 bopd, the company said.
Dow Jones Newswires