Eni Awards $1.1B Jangkrik FPU EPCI Deal to Chiyoda-Saipem-Tripatra-HHI JV
Chiyoda Corporation (Chiyoda) reported Monday that Eni Muara Bakau (Eni: 55 percent, GDF Suez: 45 percent, Operator: Eni) has awarded Chiyoda's group company PT. Chiyoda International Indonesia, in collaboration with PT. Saipem Indonesia (Leader), PT Tripatra Engineers and Constructors and Hyundai Heavy Industries Co. Ltd, a contract for the Engineering, Procurement, Construction and Installation (EPCI) of a new Barge Floating Production Unit (FPU) for Jangkrik and Jangkrik North East Gas Field Development in Indonesia for a total amount of $1.1 billion with delivery date at site ready for SURF hook-up in 34 months.
The new-build spread-moored FPU will have the capacity to treat 450 MMscf/d of gas plus condensates (LPG) and the scope of work includes engineering, procurement, fabrication of the FPU (Hull and Topside) and the installation of a mooring systems as well as hook-up, commissioning and assistance to the start-up. Gas produced by the FPU will be delivered through the existing East Kalimantan Pipeline facilities to Bontang LNG Plants, which were constructed by Chiyoda.
The overall Project Management, Engineering and Procurement of the Jangkrik FPU project will be carried out in Jakarta, Indonesia. The topsides fabrication activities will be carried out in Saipem's Karimun Yard, also in Indonesia, while the hull will be fabricated in HHI's shipyard in Ulsan, South Korea. Chiyoda Group will make every effort to advance to the EPCI work for this Project.
The award of this contract aligns with Chiyoda's strategy of growth in offshore floater construction in particular, where Chiyoda recently announced in its Mid-Term Management Plan that it would expand its business area to offshore EPCI projects; this Project is the first EPCI Project in the floating business for the Chiyoda group. Chiyoda is accelerating its involvement in the floating business worldwide with the objective of becoming a leading player through its strategic alliance with Saipem.
Chiyoda, together with its group companies, has leveraged its extensive experience continuously for over 60 years and is at the forefront of the relentless drive for innovative design and world-class project expansion.
Chiyoda Corporation, headquartered in Yokohama, Japan, provides services in the fields of engineering, procurement and construction on a global basis for gas processing, refineries and other hydrocarbon or industrial plant projects, particularly gas value chain projects, in South East Asia, the Oceania regions, the Middle East and Russia.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Shale Frac Spread Rebound Hopes Fade
- Saudis Offer OPEC+ Quid Pro Quo
- OPEC+ Agrees to New Deal That Leaves Oil Supply Barely Changed
- FSMR Sticks to Oil Price Forecast Again
- N. American Shale Primed for Growth Despite Possible Oil Price Declines
- Petrobras Plans $34B in Dividends by 2024
- Oil Holds Surge as Stockpiles Add to Trade Optimism
- Energy Transfer Expands Pipeline Network
- TGS Starts Additional Montney Project
- Oil Tankers Idling Off China Possess Key to Shipping Rates
- Halliburton Shutters Oklahoma Office, Cuts 800 Jobs
- OPEC+ Gambles US Shale's Golden Age Is Done
- Pirates Board Oil Supertanker, Kidnap 19 Crew Members
- Apache Tumbles on 'Incredibly Thin' Suriname Well Results
- NOV, Pumpco Energy Services Cut Jobs in Texas
- McDermott and Chiyoda Mark LNG Project Milestone
- New Subsea Era Could Begin with Power Tech
- Despite Challenges, Recruiters Optimistic for 2020
- 23-Well Offshore Senegal Plan Nears Final Decision
- Chesapeake Debt Deal Skirts Bankruptcy
- Billionaire Fracking Brothers Hit Hard by Permian Holdings
- SPO Crew Kidnapped Offshore Equatorial Guinea
- Who Actually Controls the World's Oil?
- Are Investors Really Leaving Oil and Gas?
- Iran Finds New 53 Billion Barrel Field
- Range Resources Closes Houston Office, Lays Off Staff
- Baker Hughes Signs Long-Term Saudi Arabia Contracts
- Icahn to Seek Control of Oxy Board
- Oxy to Sell Permian Campus After Anadarko Acquisition
- BP Makes Gas Discovery Offshore Trinidad