Sembcorp Marine said that its wholly-owned subsidiary SMOE has secured a contract with Bechtel for the fabrication of LNG processing modules for a resource project in Western Australia, according to a press release.
Work on the modules is expected to commence in Indonesia from November 2014. The contract value is estimated at $190 million.
The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending Dec. 31, 2014, according to the release.
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