KUALA LUMPUR: Kencana Petroleum Bhd unit Kencana HL Sdn Bhd has secured a RM1 billion contract from Bechtel International Inc to fabricate and assemble a liquefied natural gas (LNG) processing facility in Australia.
In a filing with Bursa Malaysia, Kencana said the contract scope includes fabrication, assembly, testing and loading of process equipment modules for the Wheatstone Project LNG Plant Facility located at Ashburton North, Western Australia.
“The Chevron-operated Wheatstone Project is one of Australia’s largest resource projects,” Kencana said.
The Wheatstone Project is a joint-venture between Australian subsidiaries of Chevron (73.6%), Apache (13%), Kuwait Foreign Petroleum Exploration Company (7%), and Shell (6.4%).
Kencana said the initial phase of the project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant. The fabrication work will be carried out at Kencana’s yard in Lumut.
“The work for the contract commenced from the date of the contract with new yard development, planning, and procurement activities,” it said.
Kencana closed unchanged at RM2.77 yesterday.
This article appeared in The Edge Financial Daily, December 9, 2011.
In a filing with Bursa Malaysia, Kencana said the contract scope includes fabrication, assembly, testing and loading of process equipment modules for the Wheatstone Project LNG Plant Facility located at Ashburton North, Western Australia.
“The Chevron-operated Wheatstone Project is one of Australia’s largest resource projects,” Kencana said.
The Wheatstone Project is a joint-venture between Australian subsidiaries of Chevron (73.6%), Apache (13%), Kuwait Foreign Petroleum Exploration Company (7%), and Shell (6.4%).
Kencana said the initial phase of the project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant. The fabrication work will be carried out at Kencana’s yard in Lumut.
“The work for the contract commenced from the date of the contract with new yard development, planning, and procurement activities,” it said.
Kencana closed unchanged at RM2.77 yesterday.
This article appeared in The Edge Financial Daily, December 9, 2011.
