Dutch shipbuilding and engineering group IHC Caland
NV said on Wednesday it received two new contracts worth
a total of $250-300 million.
IHC said it had received a letter of intent from the U.S. exploration and production arm of TotalFinaElf to build a deepwater platform in the Gulf of Mexico. The project, worth $150-$200 million, is expected to be completed near mid-2003, the company said.
IHC's unit Giessen-de Noord received a memorandum of understanding to build a maintenance ship
for offshore oil fields
from Scotland's Wellships Group. That contract was worth about $100 million, IHC said.