Gulf Oil and Gas accountACCOUNT

Federal Signs Procurement Agreement For The Construction Of A Gas Pipeline Project

Source: 10/20/2017, Location: Asia

The Board of Directors (the Board) of Federal International (2000) Ltd (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that Federal Hardware Engineering Co. Pte Ltd (“FHEC”), a wholly owned subsidiary of the Group, has signed a Procurement Agreement (“AGREEMENT”) with PT OGSPRO INDONESIA (“OGSPRO”) to co? operate exclusively to execute a 15km of 36” pipe?laying project for ENI Muara Bakau Lean Gas Pipeline Project in Kalimantan, Indonesia.

The construction of the pipeline will take about 10 months to complete. Under the AGREEMENT, FHEC shall provide the expertise for the materials and consumables supply, construction and will also undertake the project management. FHEC shall be given the first right of refusal to supply the materials required for the construction and will also, undertake co?management of the project.

None of the Directors of the Company and, to the best knowledge of the Directors of the Company, none of the substantial shareholders or controlling shareholders of the Company, has any direct or indirect interest in the transaction.

The above transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the Group for the financial year ending 31 Decembr 2017.

Oil and Gas Pipeline >>

Oil and Gas Pipeline News in Indonesia >>

Russia >>  8/21/2019 - Installation of the Nord Stream 2 twin pipelines has been completed in the Finnish Exclusive Economic Zone with the end of pipelaying on the second li...
Russia >>  8/19/2019 - Nord Stream AG has reached another milestone in its reliable supply of natural gas to European Consumers. To this day, more than 300 billion cubic met...

Iran >>  8/18/2019 - Touraj Dehghani The CEO of the Petroleum Engineering and Development Company (PEDEC), mentioning the country’s policies regarding the timely implemen...
Kazakhstan >>  8/16/2019 - Builders of the Saryarka gas pipeline, which is in the area of KMG’s responsibility, have reported the completion of 796.6 kilometres of the trunk lin...

Russia >>  8/12/2019 - The pipelay vessel CASTORO 10 (C10) is currently located off Rügen to tie together the two ends of a Nord Stream 2 pipe string laid last year on the s...
Niger >>  8/6/2019 - China National Petroleum Corp (CNPC) signed a contract with the government of Benin in West Africa to build and operate a crude oil pipeline in the re...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

Oil & Gas Projects in Indonesia >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.