Costa Fortuna to Perform Foundation Construction Work for LNG Terminal (Uruguay)

Costa Fortuna S.A., a wholly owned subsidiary of Layne Christensen Company, received a contract to perform specialized foundation construction work, including driving steel pipe for a pier and nautical support (jack-up barge), in connection with the construction of a liquefied natural gas (LNG) terminal in Punto Sayago, Uruguay.

Work on the project is scheduled to commence in March 2014 and should be completed in approximately one year. The contract has an estimated value to Layne of approximately $20.7 million.

The construction of this LNG terminal is part of a larger endeavor by the government of Uruguay to position the country as a regional energy exporter.

 Rene Robichaud, President and CEO of Layne, said, “We are honored to assist Uruguay as it advances towards this important national energy project. Costa Fortuna has successfully completed a wide range of projects in this industry, and we are confident in our ability to deliver results in a safe and environmentally sustainable manner.”

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Layne Christensen, January 14, 2014; Image: GDF Suez