Dyna-Mac lands two new contracts
- Business & Finance
Singapore’s provider of engineering, fabrication and construction for oil & gas industry, Dyna-Mac, has secured two fabrication projects from two new customers for a sum of $30 million.
The company informed on Monday it has been awarded a contract by Cameron Solutions, a Schlumberger company acting through its Process Systems Group, for the fabrication of a MEG Reclamation Unit for the Leviathan production platform project.
Dyna-Mac also said that the fabrication will start shortly and is expected to complete by the third quarter of 2018.
The giant gas field development Leviathan is located in the Mediterranean Sea off Israel and operated by Noble Energy.
The project was sanctioned in February, targeting first production for the end of 2019. The first phase of development of the Leviathan is expected to cost around $3.75 billion. It will be developed using a subsea system that connects production wells to a fixed platform located offshore with tie-in onshore in the northern part of Israel.
The second project for Dyna-Mac is for the fabrication of a skid package for Papua New Guinea. The project will start shortly and is expected to complete by the second quarter of 2018.