Under the US$50 million/yr contract, the joint venture will provide a range of brownfield project services, including engineering, procurement, civil, mechanical and electrical works on pipelines, utilities, facilities and supporting infrastructure. Work is scheduled to begin in 2Q17.
The partnership combines Jacobs’ technical engineering capability with Monadelphous’ in-field services. Monadelphous claims that this will lead to productivity enhancements and cost savings for Oil Search, through optimised constructability input during design and a streamlined handover to site.
The Managing Director of Monadelphous, Rob Velletri, said: “The proposed contract represents a new chapter in our relationship with Oil Search, moving towards the provision of end-to-end brownfield project delivery in joint venture with Jacobs. It also reflects our position as a leading maintenance and brownfield project service provider in PNG with a strong safety record and local content strategy.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20022017/monadelphous-jacobs-joint-venture-receives-loi-from-oil-search/