Clough Curtain JV wins $78 mil upstream work contract for PNG LNG project

Singapore (Platts)--28Nov2012/214 am EST/714 GMT


Engineering and project services company Clough Limited said Tuesday its Clough Curtain Joint Venture had been awarded a A$75 million ($78 million) upstream infrastructure contract for works associated with the Papua New Guinea LNG project.

The contract covers "construction work such as earthworks, stockpiling and quarrying," a company official said Wednesday.

The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. It is on track to start up in 2014 and will have two LNG production trains with a total capacity of 6.6 million mt/year.

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The $15.7 billion project is operated by ExxonMobil (33.2%) and Oil Search (29%). The other partners are Santos (13.5%), the PNG government's National Petroleum Company of PNG (16.6%), Japan's JX Nippon Oil & Gas Exploration Corporation (4.7%), PNG landowner group Mineral Resources Development Company (2.8%) and Petromin PNG Holdings Limited (0.2%).

--Chloe Hang, chloe_hang@platts.com --Edited by Wendy Wells, wendy_wells@platts.com