Wood Group wins 5-yr contract supporting INPEX’s Ichthys LNG development
Wood Group has secured a new, 5-yr contract with INPEX Operations Australia Pty Ltd to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia.
The operations of all subsea assets and the gas export pipeline will be supported under the contract which includes two, one-year extension options and is effective immediately.
It continues Wood Group’s 12-yr support of the Ichthys LNG Project development; providing subsea engineering and project management services during the concept, front-end, and detailed engineering phases of the project.
This award follows on from the subsea integrity and maintenance services contract successfully completed in 2016.
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
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May 22, 2018 10am CDT