Dynamac: Announced that it has secured orders from Keppel FELS and SBM Offshore NV, totaling approximately $56m. Contract with KepFels is to fabricate a B Class Jackup Block, which forms part of a Jackup’s main hull and expects to complete project by 1Q12, while contract with SBM is to supply topside modules for FPSO and is expected to be completed by 3Q12.
Provisional price of above projects will be adjusted based on actual work performed, and final value shall be evaluated based on measured works and variation orders.
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