Sembcorp secured $674 million rig building contract

8/29/2012

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

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