Exxon Mobil Awards 5 PNG LNG Construction Contracts
December 08 2009 - 11:49PM
Dow Jones News
Exxon Mobil Corp. (XOM) said Wednesday it has approved five
engineering, procurement and construction contracts for the US$15
billion PNG LNG liquefied natural gas plant in Papua New
Guinea.
Japan's Chiyoda Corp. has beaten Bechtel Group Inc. to clinch
the contract to build the 6.6 million metric ton a year LNG
facility.
A joint venture between CBI and Australia's Clough Ltd. has won
the contract to build the Hides gas conditioning plant.
SPIECAPAG will build the onshore piplelines and infrastructure
and Saipem SPA the offshore pipeline.
A joint venture between McConnell Dowell Constructors and
Consolidated Contractors Group Offshore will provide support
infrastructure.
All of the contracts are conditional on the PNG LNG project
finalizing all outstanding financing and offtake arrangements,
Exxon Mobil said in a statement.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
ross.kelly@dowjones.com
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