Chinese Firm Signs $367-m Offshore Contract in Myanmar



China’s state-owned Offshore Oil Engineering announced that the company and Petroleum Authority of Thailand has signed a Myanmar Zawtika Phase 1B EPCI contract and gained a local governmental approval.

The contract covers design, construction and offshore installation of four wellhead platform and pavement of four subsea pipelines.

Contracted value is about $367 million, the company said.

The project is located in the water about 300 kilometres away from Yangon, with average operation depth being 150 metres.

The project is scheduled to complete in April 2016, while the bid-winning letter was received in May, the Chinese firm said.

This is the biggest overseas EPCI contract Offshore Oil Engineering gained, and the firm said it reflects its recent growth in EPCI contracting capacity and strength.

Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page “Actual Sample of Client Report”. Click here to go to page.

.

Do you know that IE Singapore is giving ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.

.