KUALA LUMPUR (Jan 5): SAPURACREST PETROLEUM BHD [] has secured two contracts worth combined US$227 million (RM712.78 million) to build two units pipelay cum heavylift offshore CONSTRUCTION [] vessels.
It said on Thursday that its unit TL Offshore Sdn Bhd had finalised the contracts with Cosco (Nantong) Shipyard Co. Ltd.
SapuraCrest said both parties had agreed that the contract be effective from Sept 10, 2011.
It said one of the Vessels was scheduled to be delivered in the fourth quarter of 2013, whilst the other vessel to be delivered in the first quarter of 2014.
It said on Thursday that its unit TL Offshore Sdn Bhd had finalised the contracts with Cosco (Nantong) Shipyard Co. Ltd.
SapuraCrest said both parties had agreed that the contract be effective from Sept 10, 2011.
It said one of the Vessels was scheduled to be delivered in the fourth quarter of 2013, whilst the other vessel to be delivered in the first quarter of 2014.
