Clough DORIS receive LOI for Ichthys
9 August 2011
Engineering and construction company Clough Limited (ASX:CLO) today announced
the receipt of a Letter of Intent for a contract valued in excess of A$250
million to the Clough DORIS Joint Venture (CDJV) for the provision of Offshore
Integrated Project Management Support Services (IPMS) for the Ichthys LNG
Project.
CDJV is a 50:50% joint venture between Clough and French offshore engineering
specialists, DORIS Engineering.
The commencement of work is subject to execution of a binding contract and a
Final Investment Decision (FID) for the Ichthys LNG Project by the joint venture
participants, INPEX and Total. It includes overseeing, in an integrated team
with INPEX, the detailed engineering design, procurement, fabrication, at-shore
commissioning, tow to site, and offshore hook-up of the Central Processing
Facility (CPF) and floating production, storage and offloading vessel (FPSO) for
the project.
Under this Letter of Intent, pre-FID expenditure is limited for CDJV to the
commencement of activities required to mobilise a technical team of engineers to
support the Ichthys Project. It is anticipated that this team will grow to
approximately 300 personnel during the fabrication phase of the project. Full
mobilisation is due to commence immediately following FID for the Ichthys
Project scheduled for Q4 2011.
“Clough is delighted to be chosen by the Ichthys Joint Venture to provide IPMS
services to this world class offshore facility. We will utilise Clough’s proven
project management systems and the complementary strengths of both Clough and
DORIS to deliver on the technical, project management and resourcing challenges
associated with this landmark Australian LNG project,” said Clough CEO John
Smith.
“The DORIS Engineering Group is proud to be associated with Clough to execute
this IPMS contract on behalf of the Ichthys Joint Venture, for a very
challenging project. Our vast experience in deepwater floating structures and
gas treatment facilities will be extensively used throughout this contract,”
said Chairman and CEO of DORIS Engineering, Loïc des Déserts.
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 of 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 885km subsea pipeline. The
Ichthys Project is expected to produce 8.4 million tonnes of LNG and 1.6 million
tonnes of LPG per annum, along with 100,000 barrels of condensate per day at
peak.
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Clough DORIS Execute Contract for Ichthys
8 September 2011
Engineering and construction company Clough Limited (ASX:CLO) today announced
the execution of a binding contract between the Ichthys Joint Venture and Clough
DORIS Joint Venture, for the Ichthys LNG Project Offshore Integrated Project
Management Support Services (IPMS), which has a limitation on spending until
attainment of FID. Receipt of the Letter of Intent for this circa A$250 million
contract was announced by Clough on 9 August 2011.