PT Gunanusa获Zawtika项目第二份合同

Indonesian platform builder PT Gunanusa Utama Fabricators (PTG) has won a second contract award worth around $150 million from Thailand’s PTTEP for a project offshore Myanmar.

Namely, in September this year, PT Gunanusa was awarded an engineering, procurement, construction, and installation (EPCI) contract for the Zawtika Development Project Phase 1C by PTTEP. According to that agreement, the value of the project is about $155 million and the project is expected to take 19 months to complete. Federal International, PTG’s shareholder with 20.66% interest, said on Friday that PT Gunanusa received confirmation from PTTEP to proceed with Lot 2 of the Zawtika Development Project Phase 1C, off Myanmar. The project comprises 2 wellhead platforms, associated pipelines, and tie-ins. The project value is about $150 million. Therefore, the aggregate value of the two contracts of the project is about $305 million and the work on both contracts will be carried out concurrently. The project completion date is in the second quarter of 2018. Federal International said it will support PT Gunanusa in terms of procurement, management and other ancillary support services for the project.