The board of directors of Federal International (2000) Ltd. announced that the Group has signed a procurement agreement with PT Gunanusa Utama Fabricators' (PTG) who has secured an engineering, procurement, construction and installation of four offshore wellhead platforms, associated pipelines and tie-ins valued at USD 300 million. The project is expected to take 27 months to complete. The Group has a 2.58% in PTG and the Group has an on-going procurement agreement with PTG to provide procurement and other ancillary support services. The procurement agreement increases the Group's current order book to about SGD 100 million and is expected to contribute to the Group's performance upon fulfilment of the procurement scope scheduled in fiscal year 2021 and fiscal year 2022.