Contract, gas deal advance Cakerawala project

04/24/2000
Carigali-Triton Operating Co. (CTOC)-a joint venture of Malaysian state oil firm Petronas and US firm Triton Energy Corp.-has chosen a consortium headed by France's Technip SA to serve as turnkey contractor to develop the $800 million Cakerawala gas development project in the Gulf of Thailand.Technip, South Korea's Samsung Heavy Industries Co., and Italy's Saipem SPA will install production and related facilities for an undisclosed lump sum.Cakerawala field is located on Block A-18 in the 7,250 sq km Joint Development Area (JDA) between Thailand and Malaysia. The two countries have agreed to share equally petroleum resources in the JDA.Under the JDA gas sales agreement, signed...
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