Clough JV wins PNG LNG works package
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Tuesday, 27 November, 2012 - 14:16
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Engineering group Clough and its joint venture partner Curtain have won $75 million worth works associated with the PNG LNG upstream infrastructure project.
The PNG LNG project is operated by Exxon Mobil Corporation affiliate Esso Highlands, and other participating interests include Santos, Oil Search, the PNG government, JX Nippon Oil & Gas, Mineral Resources and Petromin PNG Holdings.
The project sources gas from Oil Search and Exxon Mobil's fields which is processed in a 6.6 million tonne per year facility.
All gas from the project is fully contracted to Asian buyers, with first LNG sales on track for next year.
At close of trade today, Clough shares were steady at 81 cents.
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