(2015-05-18) Chiyoda Corporation, CB&I and Saipem today announced the three companies’ joint venture, CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation on behalf of the co-ventures in Mozambique’s Offshore Area 1. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to Anadarko and its co-venture’s taking a Final Investment Decision (FID).
The initial scope of work for the onshore LNG park includes two LNG trains, each with a capacity of six million tonnes per annum, two LNG storage tanks, condensate storage, multi-berth marine jetty and associated utilities and infrastructure.
CCS JV has a long-term relationship with Anadarko and its partners for the planning and development of this project and will bring the three companies’ substantial LNG experiences to successfully complete the onshore LNG park in Mozambique.
Chiyoda Corporation, headquartered in Yokohama, Japan, is a leading contractor for designing and constructing LNG plants, accounting for more than 40 percent of the world’s total LNG production capacity based on its innovative plant design and world class project execution capabilities with a relentless drive for safety. For more information, visit http://www.chiyoda-corp.com/en.
CB&I is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit http://www.cbi.com.
Saipem operates in the Engineering & Construction and Drilling businesses, with a strong bias towards oil & gas-related activities in remote areas and deep waters. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetization and heavy oil exploitation.
(2015-05-18) Anadarko Petroleum Corporation (NYSE: APC) on behalf of the co-venturers in Mozambique’s Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, today announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique.
“Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching FID (Final Investment Decision) and demonstrates our continued commitment to advancing this important project toward first cargoes,” said Anadarko Chairman, President and CEO, Al Walker. “I am incredibly proud of our co-venture for all of the accomplishments achieved to date, including securing more than 8 million tonnes per annum (MMTPA) in non-binding long-term off-take agreements, which are now progressing toward binding SPAs (Sales and Purchase Agreements), obtaining letters of intent from lenders for project financing at a very material level, and working with the newly elected Government to keep the project moving forward. We also congratulate the contractor group, CCS JV, on its selection, and look forward to working with the Offshore Area 1 co-venturers to submit a Plan of Development in the coming months for the Government’s consideration.”
The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 MMTPA, which is an increase of 1 MMTPA per train over the original plan, while maintaining an estimated cost that is consistent with the co-venturers’ original projections. The scope also includes two LNG storage tanks, each with capacity of 180,000 cubic meters, condensate storage, multi-berth marine jetty and associated utilities and infrastructure. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to taking FID.
Anadarko operates the Offshore Area 1 with a 26.5-percent working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos E.P. (ENH) (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh Ltd. (16 percent), Bharat PetroResources Ltd. (10 percent), PTT Exploration & Production Plc (8.5 percent), and Oil India Ltd. (4 percent).
Source: PR News Wire
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