SapuraCrest Petroleum Bhd unit TL Offshore Sdn Bhd has issued two letters of award to Cosco Nantong Shipyard Co Ltd to build two ships costing a total US$227mil (RM714.4mil).
SapuraCrest said that Cosco was to build two pipe-lay -cum -heavylift offshore construction vessels.
It said the contract price for the first ship was US$116.75mil and the second was US$110.25mil. The delivery date was 28 months and 26 months, respectively.
“The acquisition will enable TL Offshore to capitalise on the positive outlook for the installation of pipelines and facilities segment of the oil and gas industry,” it said.
