Perth-based Clough Limited has announced that the Clough Curtain joint venture has received firm work orders worth $250 million associated with its upstream infrastructure contract for the PNG LNG plant.
The Clough Curtain joint venture has now been awarded $560 million worth of work on the project.
Exxon Mobil has a 33 per cent stake in the PNG LNG project.
The project is an integrated development that includes gas production and process facilities, onshore and offshore pipelines and liquefaction facilities.
See company statement below:
Engineering and construction company Clough Limited (ASX:CLO) today announced that the Clough Curtain Joint Venture has received firm work orders worth AU$250 Million associated with the Upstream Infrastructure contract awarded on 1 May 2009.
The total value of work awarded to CCJV on the Upstream Infrastructure project now stands at AU$560 Million.
The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Participating interests are affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator, 33.2 percent,Oil Search Limited (29.0 percent), Independent Public Business Corporation (PNG Government, 16.6 percent), Santos Limited (13.5 percent), Nippon Oil Exploration (4.7 percent), Mineral Resources Development Company (PNG landowners, 2.8 percent) and Petromin PNG Holdings Limited (0.2 percent).
