BAM Clough handed more PNG LNG work

Boost: the new PNG LNG work order will take the total value of contracts awarded to BAM Clough for the project to $308 million

The BAM Clough joint venture has been awarded an additional $53 million order for the Papua New Guinea liquefied natural gas condensate offloading jetty, 20 kilometres north of Port Moresby, after receiving a letter of intent from the Chiyoda JGC joint venture.

Clough said the new work order was for the fabrication and construction of the topsides for the jetty, bringing the total value of contracts awarded to BAM Clough for the PNG LNG jetty project to $308 million.

The company added the topsides would be fabricated and assembled at its Sattahip fabrication yard in Thailand.

“Clough and our long-term partner BAM International are delighted to be given the opportunity to deliver the topsides for this EPC project, which will provide continuity of quality work for our yard in Thailand” said Clough chief executive John Smith.

The PNG LNG project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facility with the capacity of 6.6 million tonnes per annum. Participating interests include ExxonMobil 33.2%, Oil Search 29.0%, Independent Public Business Corporation (PNG Government) 16.6%, Santos Limited 13.5%, Nippon Oil Exploration 4.7%, Mineral Resources Development Company (PNG landowners) 2.8% and Petromin PNG 0.2%.

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