CB&I joint venture nears $1bn LNG contract in Papua New Guinea
2 Dec 2009
London - Esso Highlands Ltd has approved an EPC contract worth over $1bn with the CB&I Clough joint venture for the PNG LNG project’s gas conditioning plant, pending final project authorizations. Esso Highlands, a subsidiary of Exxon Mobil Corp., is the operator of the PNG LNG Project.
The contract scope includes the EPC work for the gas conditioning plant, nearby wellheads and associated piping and infrastructure, to be located in the Southern Highlands of Papua New Guinea. The integrated development includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities.
Participating interests are affiliates of Exxon Mobil Corp. (including Esso Highlands as operator, (33.2 %), Oil Search Ltd (29.0%), Independent Public Business Corp. (PNG Government, 16.6%), Santos Ld (13.5%), Nippon Oil Exploration (4.7%), Mineral Resources Development Co. (PNG landowners, 2.8%) and Petromin PNG Holdings Ltd (0.2%).
