McDermott’s CB&I says Marsa LNG tank gig worth up to $250 million

McDermott’s unit CB&I will build one liquefied natural gas storage tank for the TotalEnergies-led Marsa LNG bunkering project in Oman for up to $250 million.

According to a statement by Houston-based McDermott, the “significant” contract is valued between $100 million and $250 million.

Under the scope of the project, CB&I will provide turnkey EPC services for a 165,000-cbm full containment concrete LNG storage tank and associated piping to grade.

Project delivery will be executed in Oman.

Also, McDermott said work is expected to start with construction activities in the fourth quarter of 2024.

The project is targeted for completion in 2028.

French energy giant TotalEnergies recently took a final investment decision on the Marsa LNG bunkering project with an LNG production capacity of 1 mtpa.

The firm said that the EPC contract was awarded to Technip Energies, and McDermott’s CB&I won the deal for the 165,000 cbm LNG tank, but it did not provide the pricing details.

However, Technip Energies said in a separate statement the “substantial” contract award represents between 500 million euros and 1 billion euros ($537 million – $1.06 billion) of revenue.

The Marsa LNG project is an integrated complex developed by TotalEnergies with a 80 percent share while Oman’s OQ has 20 percent.

The liquefaction plant will be built in the port of Sohar and LNG production is expected to start by the first quarter in 2028, according to TotalEnergies.

Most Popular

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.

Iraq shortlists two firms for LNG import terminal

Iraq has shortlisted two companies to install a floating storage and regasification unit (FSRU) at the Khor Al-Zubair port in Basra, according to Iraq's oil ministry.

Shell’s LNG Canada seeks OK to boost export capacity

Shell-led LNG Canada is seeking approval from the Canadian energy regulator to boost its annual export capacity by 6.4 percent.

More News Like This

NextDecade secures equity commitments for fourth Rio Grande LNG train

US LNG firm NextDecade has secured up to $1.8 billion in equity commitments from TotalEnergies and Global Infrastructure Partners to finance the construction of the fourth train at its Rio Grande LNG facility in Texas.

Hudong-Zhonghua to build another LNG bunkering vessel for TotalEnergies

China’s Hudong-Zhonghua said it had secured another order to build one 18,600-cbm LNG bunkering vessel for French energy giant TotalEnergies and Spain's shipping firm Ibaizabal.

Inpex launches Abadi LNG FEED work

Japan's Inpex has launched the front-end engineering design (FEED) work for the Abadi LNG project in Indonesia. The contractors include Technip Energies, JGC, Saipem, Tripatra, McDermott, and Worley.

TotalEnergies working on Mozambique LNG restart, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are still working with the Mozambique government on restarting construction on the 12.8 mtpa project, according to Patrick Pouyanne, CEO of TotalEnergies.