Jutal Offshore Wins Contracts Worth $490m

Chinese oil and gas techincal services company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of RMB3.5bn ($490mln).

The number of new contracts include large-scale core modules construction of Arctic LNG 2 natural gas project, wind turbine jacket construction, and other offshore engineering and services said the company engaged in the fabrication of oil and gas facilities and oil and gas processing skid equipment business.

"Site construction of some large-scale construction projects have been gradually commenced, of which the core modules construction project for an international natural gas petrochemical plant has been completed of a total of approximately 27% of the progress as per scheduled,"  Jutal said.

Recently Jutal, through its subsidiary Penglai Jutal Offshore Engineering Heavy Industries Company, has recently been awarded a large-scale construction contract  from TECHNIP France, which is a wholly owned subsidiary of the famous European global EPC contractor Technip FMC.

Pursuant to the Contract, Penglai Jutal will provide core compression and power generation modules,  which will be the largest currently found in the industry, for the first two trains of Arctic LNG 2 project, a major liquefied natural gas project in the Arctic region, with a contract amount over RMB3 billion.