SapuraCrest Petroleum Bhd has announced that SapuraAcergy Sdn Bhd (SASB) has accepted a US$160 million (US$1=RM3.13) contract from PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEPAAA).
In a filing to Bursa Malaysia, SapuraCrest said the contract was for the provision of offshore transportation and construction activities for PTTEPAAA’s Montara Development Project in Australia.
SASB is a joint venture company equally owned by SapuraCrest and Acergy SA.
The Montara Development Project is located in the southern Timor Sea approximately 650km west of Darwin
