Adyard awarded fabrication deal
Adyard Abu Dhabi (Adyard), a subsidiary of Topaz Energy and Marine, has been awarded a key oil and gas fabrication contract by CTJV, a joint venture between Chiyoda, the Japanese integrated contractor and French oil and gas engineering company Technip, valued in excess of Dh44 million ($11.98 million).
The contract involves fabrication, procurement, construction, load out and hook-up of a Loading Module for the Qatar Gas II LNG Onshore Facilities Project.
Under the terms of the contract, Adyard will undertake construction engineering, procurement, fabrication and erection of the 1,000 tonne module at its purpose built yard located in Abu Dhabi.
CTJV had previously signed an engineering, procurement and construction (EPC) contract with Qatar Liquefied Gas Company Limited 3 and 4 for large scale liquefied natural gas (LNG) plant construction in Qatar.
Chiyoda has already performed front end engineering and design (FEED) work as a part of the Dh15.7 billion contract and will build two trains, each of which will have an annual LNG production capacity of 7.8 million tons, the world largest, at the Qatargas Plant in Ras Laffan City.
Commenting on the contract win, Jim Masterton, general manager for Adyard Abu Dhabi said “The project which will commence immediately is due for completion in early 2008.
“Adyard’s involvement in the CTJV project demonstrates the company’s strengths and capabilities as one of the region’s premier fabrication yards,”
Based in Dubai, Topaz Energy and Marine is one of the UAE’s largest Oil & Gas service companies.
Cairn Energy move
UK-based explorer Cairn Energy said its Indian unit is prepared to pay most of the costs of building a pipeline to tranport crude from its Rajasthan fields.
The announcement comes after uncertainty about who would pay for the pipeline put a question over whether the fields could be developed on time.
“It is proposed that the pipeline will fall within the definition of the field development activities and will accordingly be funded 70 per cent by Cairn India and 30 per cent by Oil & Natural Gas Corporation (ONGC),” the company said in a statement.
