SBM Offshore has been awarded a contract by the Ichthys LNG Project for the engineering, procurement, fabrication and supply of a Turret and Mooring system. This system will be integrated by the client into the Ichthys FPSO and installed offshore NW Australia. The contract also includes assistance during the integration of the Turret into the FPSO as well as during installation on the field offshore. The value of this order is around $0.5 billion. Large complex turret mooring systems for new-build FPSOs are one of the core products of the Company.
Installation of the Turret and Mooring system in the field is anticipated in mid 2015.
The Ichthys LNG Project is a joint venture between INPEX (76%, the operator) and Total (24%).
Gas from the Ichthys Field, in the Browse Basin approximately 124 miles (200 kilometers) offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 552 miles (889 kilometer) subsea pipeline. The Ichthys Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 80,000 barrels of condensate per day at peak.
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