Clough Curtain JV Awarded Another Work Order for PNG LNG Upstream

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Researched by Industrial Info Resources Australia (Sugar Land, Texas)--Joint venture partners Clough Niugini, a subsidiary of Clough Limited (Perth, Australia), and Curtain Brothers Papua New Guinea Limited (Townsville, Australia) were awarded a $75 million work order this week on the Papua New Guinea LNG (PNG LNG) project, as part of almost $1 billion of total contract value for the PNG LNG upstream infrastructure.

The upstream infrastructure contract was awarded to Clough Curtin JV on May 1, 2009, and the joint venture won the early works contract in June 2009. The full scope of work for the joint venture has incorporated camp construction; road and bridge upgrades, along with wharf and laydown area development; and other critical infrastructure as part of the early works. The upstream infrastructure development for the Clough Curtain JV incorporates construction in varying locations from the river port area of Kopi to the Hides Conditioning plant in the Southern Highlands.

The total contract value for the joint venture was initially expected to be about $650 million. This recent work order, along with a $145 million work order issued in January 2012 and the early work performed by the team, brings the total value to $989 million.

The $19 billion PNG LNG project, which is operated by ExxonMobil Corporation (NYSE:XOM) (Irving, Texas), will produce 6.9 million metric tons per year. The first gas is scheduled for 2014.

For more information, view November 26, 2012, article - PNG LNG to See $3.3 Billion Cost Increase, 300,000-Metric-Ton-Per-Annum Production Capacity Increase; December 18, 2009, article - Esso Highlands Approves EPC Contracts for $15 Billion Papua New Guinea LNG Project; and June 18, 2009, article - ExxonMobil Awards Two Additional Infrastructure Contracts for Papua New Guinea LNG Project.

Clough has been working in Papua New Guinea for almost 30 years under the Clough Niugini business. Curtain Bros. is a privately owned construction company that operates in Northern Australia, East Timor and Papua New Guinea, and first established in Papua New Guinea by three Curtain brothers in 1966. The Clough Curtin Joint Venture was officially formed in 2009; Clough owns a 65% share and Curtain holds the remaining 35%.

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