Indonesian contractor Timas Suplindo is set to win a subsea umbilical, riser and flowline engineering and installation contract for Kangean Energy’s Terang Sirasun Batur phase two (TSB-2) gas project off Indonesia.
When the bids were opened last year Timas Suplindo had been a close second-lowest commercial bidder, offering a price for the job of $129.6 million, compared to low bidder rival Swiber’s $117.8
