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Cape awarded Chiyoda-JGC Joint Venture contract extension

LNG Industry,

Cape plc has announced a contract extension between Cape PNG Ltd and Chiyoda-JGC Joint Venture (CJJV) worth US$ 2 million associated with the provision of supervision, pipefitting, rigging, crane operations, administration, general tools and equipment rental for the PNG LNG Project.

The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Participating interests include Esso Highlands Limited as operator (33.2%), Oil Search Limited (29%), the National Petroleum Company of PNG (PNG Government, 16.%), Santos Limited (13.%), JX Nippon Oil and Gas Exploration (4.7%), Mineral Resources Development Company (PNG landowners, 2.8%) and Petromin PNG Holdings Limited (0.2%).

Mike Harding, Managing Director Philippines, Japan, Hong Kong, Myanmar, China, Vietnam, PNG said: “I am pleased to announce that Cape PNG Ltd has recently secured an extension of the general service contract from Chiyoda-JGC joint venture.

“The Cape Group of companies has a well-established track record over 25 years for undertaking major projects with both Chiyoda and JGC so it is pleasing that we continue to be a preferred contractor of choice and further strengthen our long standing relationship with this valued customer.

“We look forward to working closely with CJJV in completing the commissioning stage of this major project safely and efficiently.”

Adapted from press release by Ted Monroe

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