Dril-Quip wins $40-million subsea contract

7/12/2016

HOUSTON -- Dril-Quip’s wholly owned subsidiary Dril-Quip Asia Pacific Pte Ltd, in conjunction with its local representative, was awarded a contract in late June valued at approximately $40 million to supply subsea drilling and production equipment and related services to Kangean Energy Indonesia Ltd., a contractor for SKK Migas, for the development of its Terang/Sirasun/Batur gas fields project located offshore Indonesia.

Dril-Quip will provide subsea wellhead systems, subsea tree systems, subsea control systems and other equipment for the project.