Clough gets new Chiyoda orders

Business, Main Stories


PERTH-based engineering and construction company Clough Ltd yesterday said its BAM Clough Joint Venture has received new orders from Chiyoda JGC Joint Venture involving the fabrication and construction of the topsides of a condensate offloading jetty for the PNG LNG.
This is the second contract awarded to BAM Clough worth US$53 million (K142 million), for a total job contract of US$308 million (K828 million), according the company’s news alert yesterday.
The topsides will be fabricated and assembled at Clough’s Sattahip fabrication yard in Thailand, and will be transported and installed at the jetty site, 20km northwest of Port Moresby.
“Clough and our long-term partner BAM International are delighted to be given the opportunity to deliver the topsides for this EPC project, which will provide continuity of quality work for our yard in Thailand,” Clough chief executive John Smith said.
BAM Clough JV is a 50/50 partnership between BAM International and Clough Operations Pty Ltd, a wholly-owned subsidiary of Clough Ltd.
Established in 1965, the joint venture has successfully delivered a number of similar projects since then.
Early last month, Clough secured a US$258 million (K701 million) contract for the design and construction of the liquefied natural gas (LNG) and condensate offloading jetty for the PNG LNG project.
The joint venture had received firm work orders worth A$250 million associated with the upstream infrastructure contract awarded on May 1 last year.
The contract award was made following a letter of intent from Chiyoda JGC Joint Venture, the Japanese engineering procurement construction (EPC) contractor with the LNG project, advising chiyoda to proceed with the project.