PTTEP contract awarded to Oil States
23 February 2011US-owned Oil States Thailand has been awarded a three-year contract, valued at USD $14m, to deliver Nautilus offshore marine cranes to PTT Exploration and Production Company Limited (PTTEP).
Six cranes have been ordered for work on a platform over two extractive fields in the Gulf of Thailand producing condensate, crude oil and natural gas.
The cranes will be delivered later in 2011 for installation on wellhead platforms in the Bongkot and Arthit concession areas, which PTTEP has been operating since 1993 and 2008 respectively. The Arthit project covers 4,185 sq km. The adjacent Bongkot concession area covers 3,986 sq km.
The API certified cranes may be attached to offshore structures and used for transporting equipment between supply vessels and the offshore platforms.
Frank Timmons, general manager of Oil States Thailand said, "This is a significant achievement for Oil States which further enhances our leadership position in Thailand and the Southeast Asian markets and demonstrates the confidence PTTEP has in our Nautilus brand of offshore marine cranes."
Nautilus cranes are manufactured out of Oil States’ Houston branch. The company is headquartered in Arlington Texas and operates in the varied markets of onshore and offshore oil exploration, industrial manufacturing and defense.
