Sembcorp Marine Ltd and Statoil Petroleum AS sign Letter of Intent for engineering, procurement and construction of newbuild FPSO hull and living quarters of Johan Castberg field development
Singapore, 10 November 2017: Sembcorp Marine Ltd (the “Group”) is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has been selected by Statoil Petroleum AS (“Statoil”) in the tender for the turnkey Engineering, Procurement and Construction (EPC) of a newbuild FPSO Hull and Living Quarters (LQ) for the Johan Castberg field development, and has entered into a Letter of Intent (LOI) with Statoil for the same. Should Statoil proceed to award a contract, the contract value is estimated at US$490 million.
The LOI is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2017.
For more information, please contact:
Ms Lisa Lee
Head of Investor Relations
Tel No: (65) 6262 7107
Mr David Wong
Head of Corporate Communications
Tel No: (65) 6262 8036
For the PDF version of this announcement, please click here.