Weir Oil & Gas Lands $70mn Thai Subsea Job

Weir Oil & Gas has signed a five-year, $70mn contract with Thailand's state PTT Exploration & Production (PTTEP), a subsidiary of state-owned energy conglomerate PTT, to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand, it said December 21.

It said its "extensive experience and history in the Gulf of Thailand, large skilled Thai workforce and differentiated technical capabilities were deciding factors in the deal. This contractual agreement also further consolidates a wider regional adoption of Weir's Rig-to-Grid capabilities in the market."

"We look forward to fulfilling PTTEP'S comprehensive servicing needs for its blocks in the Gulf of Thailand by leveraging our regional technology, manufacturing presence and our local teams in Bangkok, Songkhla and Sattahip," said the president of Weir Oil & Gas, Paul Coppinger.

Weir announced the sale of Weir Oil & Gas in October, to US Caterpillar, saying it expected completion this year.