Global Industries has announced that its wholly owned subsidiary, Global Industries Asia Pacific, has entered into a contract with Transportasi Gas Indonesia to provide the replacement and zero-downtime repair of a 28-inch pipeline offshore Indonesia.
According to the company, the contract is valued at approximately $75 million and is scheduled to commence in February 2009, with a scheduled completion date of April 2009.
Global will be utilizing its pipelay barge Comanche, assisted by additional support vessels, to install a new 23km section at KP 110-KP 133 Kuala Tungkal-Panaran, Grissik-Singapore pipeline.
The project also includes a total of eight hot tap installations to tie the new pipeline to the existing pipeline. The repair is to be carried out without interruption of the gas flow, said the company.
John Clerico, chairman and CEO of Global Industries, said: “The award of this contract supports our commitment to the Asia Pacific region and we appreciate PT Transportasi Gas Indonesia’s (Transgasindo) confidence in Global’s ability to deliver their project.”
Global Industries is an offshore services provider of offshore construction, engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.