Fluor lands Crux role

Fluor: the US company has been awarded a contract to carry out engineering works on the Crux liquids project off Western Australia

Australia’s Nexus Energy has signed on Fluor Australia to carry out engineering works on the Crux liquids project in PL AC/L9 in the Browse basin, off Western Australia.

Nexus said the works were needed in order to progress the project to a final investment decision by the end of the year.

Under the agreement Nexus has the right to review Fluor’s initial works by the end of next month and if it is satisfied, and a final investment decision sanctioned, Fluor will assist Nexus in completing the delayed project.

Development of the Crux field stalled in 2009 after the global financial crisis prevented Nexus from sourcing finance and signing up a project partner.

Last year Anglo-Dutch supermajor Shell granted Nexus a three year extension on the deadline before it needs to handover the Crux permit, to 31 December 2023, in exchange for at least A$36 million.

Shell owns the Crux field’s gas reserves — understood to be at least 2 trillion cubic feet — while Nexus owns the condensate reserves of 75 million barrels at the proven and probable level.

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