Dril-Quip Lands $40m Indonesia Deal
Tuesday 12 July 2016
Houston-based equipment maker Dril-Quip has landed a deal with Kangean Energy Indonesia - a contractor for Indonesian upstream regulator SKK Migas - to supply subsea drilling and production equipment to projects off Indonesia.
Under the agreement, Dril-Quip will provide subsea wellhead systems, subsea tree systems, subsea control systems and other equipment to SKK's Terang Sirasun Batur (TSB) gas fields project.
The value of the deal is $40 million.
Dril-Quip supplied the subsea trees for phase one of the Terang project, while Proserv supplied the controls system for this phase.