Shanghai: CNOOC-affiliated China Offshore Oil Engineering Co (COOEC), announced that it has signed a contract with Yamgaz SNC, the contractor of Yamal LNG project for the construction of Module Fabrication Work Package 1 (MWP1), which includes 36 core modules of an LNG factory, major facility at the Yamal LNG project.
The total value of the contract is $1.643bn and it is COOEC’s largest overseas contract, and construction will start in September 2014 and is due for completion in July 2017.
COOEC said the signing of the contract is a breakthrough and the company will take the chance to further expand the international market. [03/07/14]
