Monadelphous bags Ichthys LNG contract extension

Australian engineering firm Monadelphous has secured contract extensions to continue to provide offshore services for the Inpex-operated Ichthys LNG project.

Monadelphous said in a statement on Thursday it has won both of the available two-year extensions to its long-term offshore maintenance services contract with Inpex Operations Australia, a unit of Japan’s Inpex.

According to Monadelphous, the new contract is worth about $350 million.

The original contract, which was secured in 2017, was for an initial period of six years with a further two two-year extension options.

Monadelphous said the scope of work includes operational, campaign and shutdown maintenance services, and brownfield projects implementation associated with the Ichthys CPF and the FPSO.

The Ichthys Explorer central processing facility and the Ichthys Venturer floating production storage and offloading facility are located in the Browse Basin some 450 kilometers from Broome, Western Australia.

Natural gas arrives to the LNG plant at Bladin Point from the giant Ichthys field via an 890 kilometers long export pipeline.

Inpex recently shipped the 500th cargo of LNG from its Ichthys terminal since the start of operations in 2018.

The facility located near Darwin has two trains and a nameplate capacity of 8.9 mtpa, but it is expected to reach a production of about 9.3 mtpa this year due to debottlenecking.

Ichthys LNG is a joint venture between operator Inpex and major partner TotalEnergies.

Also, other partners include Australian units of CPC, Tokyo Gas, Osaka Gas, Kansai Electric Power, Jera, and Toho Gas.

Most Popular

Atlantic LNG shipping rates decrease this week

Atlantic spot LNG shipping rates dropped this week, while Pacific rates were flat compared to the week before, according to Spark Commodities.

Stabilis secures new approval for Galveston LNG project

Houston-based small-scale LNG player Stabilis Solutions has received a letter of recommendation (LOR) from the US Coast Guard for its planned Galveston liquefaction facility.

Russian LNG production up 10.7 percent in January-June

Russian liquefied natural gas (LNG) production rose 10.7 percent in the first six months of this year, according to the Russian statistics agency Rosstat.
spot_img

More News Like This

Inpex breaks ground on Abadi LNG project in Indonesia

Japan's Inpex broke ground on Thursday for its Abadi liquefied natural gas (LNG) project in Indonesia. Inpex is yet to take a final investment decision on the project.

Inpex: Ichthys LNG workers back new pay deal

Workers at the Inpex-operated Ichthys LNG facilities in Australia’s Northern Territory have backed a new enterprise agreement following months of negotiations over pay and conditions.

Adnoc, Inpex seal 15-year Ruwais LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with a unit of Japan's Inpex to supply the latter with LNG from its terminal in Al Ruwais.

Inpex buys 85 percent stake in Malaysian block from TotalEnergies

Japan's energy firm and LNG operator Inpex has acquired an 85 percent interest in Block 2E offshore Malaysia from French energy giant TotalEnergies.