Samsung Engineering wins $360m order from Exxon’s unit

10-Aug-2011 Intellasia | Bloomberg | 7:01 AM

Samsung Engineering Co. and its Indonesian partner, Tripatra Engineering won, won a $750 million order from Exxon Mobil Corp. (XOM)’s unit to build production facilities at the Banyu Urip field in the Cepu oil and gas block in Java.

The order enables them to handle all procedures, ranging from design to procurement, construction and pilot operations for completion by July 2014, Samsung said in an e-mailed statement. The order for Samsung is worth $360 million. The deal was also announced on August 5 by Indonesia’s oil and gas regulator BPMigas. -By Sangim Han

http://www.bloomberg.com/news/2011-08-07/samsung-engineering-wins-360 million-order-from-exxon-s-unit.html