Clough Curtain receive work order for PNG LNG Upstream Infrastructure

Friday, Sep 03, 2010

Engineering and construction company Clough Limited (ASX:CLO) today announced that the Clough Curtain Joint Venture has received firm work orders worth AU$250 Million associated with the Upstream Infrastructure contract awarded on 1 May 2009.

The total value of work awarded to CCJV on the Upstream Infrastructure project now stands at AU$560 Million.

The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Participating interests are affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator, 33.2 percent), Oil Search Limited (29.0 percent), Independent Public Business Corporation (PNG Government, 16.6 percent), Santos Limited (13.5 percent), Nippon Oil Exploration (4.7 percent), Mineral Resources Development Company (PNG landowners, 2.8 percent) and Petromin PNG Holdings Limited (0.2 percent).

Source: Clough