BAM Clough Execute Ichthys Contracts (Australia)

March 23, 2012

Engineering and construction company Clough Limited today announced the execution of two binding contracts between JGC Corporation, KBR and Chiyoda Corporation joint venture (JKC JV) and BAM Clough joint venture for the design and construction of the Ichthys LNG Project Module Offloading Facility (MOF) and the Ichthys Product Loading Jetty.

The combined value of the contracts is approximately A$510 million.

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 889km 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.

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LNG World News Staff, March 23, 2012; Image: INPEX