BAM Clough JV receives letter of intent for design & construct contract in Australia
Bunnik, the Netherlands, 7 February 2012 – The BAM Clough Joint Venture has received a letter of intent from JGC Corporation, KBR and Chiyoda Corporation joint venture (JKC-JV), for a contract valued at EUR 110 million (AUD 140 million). The scope of work involves the design and construction of the Ichthys LNG Project Module Offloading Facility (MOF) near Darwin, Northern Territory, Australia. The MOF will be constructed as part of the INPEX-operated Ichthys LNG facility, being developed in Darwin. It is a key facility that will be used to offload modules being supplied under other subcontracts to assemble the LNG liquefaction plant.
Under this letter of intent, expenditure is limited for BAM Clough to the commencement of engineering, procurement and planning work for the project. Construction activities for the MOF are scheduled to commence in early 2013 with MOF project completion anticipated in early 2014. At peak the MOF project will employ a workforce of 130.
The Ichthys LNG Project is a joint venture between INPEX (76%, the operator) and Total (24%). Gas from the Ichthys Field, in the Browse Basin approximately 200 kilometres offshore Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889-kilometre subsea pipeline. The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.
BAM Clough is a 50/50 joint venture between BAM International bv (part of Royal BAM Group) and Clough Limited. Established in 1964, the joint venture has successfully delivered 13 major jetty projects for the energy and resources sectors. The joint venture is currently working on the LNG jetty for ExxonMobil, in Papua New Guinea.
Further information:
- press: A.C. Pronk, +31 (0)30 659 86 21
- analysts: P.R.E. Snippe, +31 (0)30 659 87 07