Cape Nets PNG LNG Contract Extension

Cape plc, an international provider of essential support services to the energy and natural resources sectors, announced a contract extension between Cape PNG and Chiyoda-JGC Joint Venture (CJJV) worth US$2M associated with the provision of supervision, pipefitting, rigging, crane operations, administration, general tools and equipment rental for the PNG LNG Project.

The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Participating interests include Esso Highlands Limited as operator (33.2 percent), Oil Search Limited (29.0 percent), the National Petroleum Company of PNG (PNG Government, 16.6 percent), Santos Limited (13.5 percent), JX Nippon Oil and Gas Exploration (4.7 percent), Mineral Resources Development Company (PNG landowners, 2.8 percent) and Petromin PNG Holdings Limited (0.2 percent).

Mike Harding, Managing Director Philippines, Japan, Hong Kong, Myanmar, China, Vietnam, PNG commented:

“I am pleased to announce that Cape PNG Ltd. has recently secured an extension of the general service contract from Chiyoda-JGC joint venture (CJJV).

“The Cape Group of companies has a well-established track record over 25 years for undertaking major projects with both Chiyoda and JGC so it is pleasing that we continue to be a preferred contractor of choice and further strengthen our long standing relationship with this valued customer.

“We look forward to working closely with CJJV in completing the commissioning stage of this major project safely and efficiently.”

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LNG World News Staff, January 14, 2014; Image: PNG LNG