SINGAPORE (Dec 26): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, has announced the win of two new offshore platform contracts worth over $550 million.

The first contract will see SembMarine will team up with customer North Oil Company (NOC) to fabricate two well-head platforms for the Al Shaheen oil field, which is operated by NOC.

One of the world’s biggest oil reserves, Al Shaheen is the largest oil field in Qatar, contributing to 45% of the country’s oil production.

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