13 March 2014

Chiyoda Corporation (Chiyoda) reported Monday that Eni Muara Bakau (Eni: 55 percent, GDF Suez: 45 percent, Operator: Eni) has awarded Chiyoda's group company PT. Chiyoda International Indonesia, in collaboration with PT. Saipem Indonesia (Leader), PT Tripatra Engineers and Constructors and Hyundai Heavy Industries Co. Ltd, a contract for the Engineering, Procurement, Construction and Installation (EPCI) of a new Barge Floating Production Unit (FPU) for Jangkrik and Jangkrik North East Gas Field Development in Indonesia for a total amount of $1.1 billion with delivery date at site ready for SURF hook-up in 34 months. The new-build spread-moored FPU will have the capacity to treat 450 MMscf/d of gas plus condensates (LPG) and the scope of work includes engineering, procurement, fabrication of the FPU (Hull and Topside) and the installation of a mooring systems as well as hook-up, commissioning and assistance to the start-up. Gas produced by the FPU will be delivered through the existing East Kalimantan Pipeline facilities to Bontang LNG Plants, which were constructed by Chiyoda. The overall Project Management, Engineering and Procurement of the Jangkrik FPU project will be carried out in Jakarta, Indonesia. The topsides fabrication activities will be carried out in Saipem's Karimun Yard, also in Indonesia, while the hull will be fabricated in HHI's shipyard in Ulsan, South Korea. Chiyoda Group will make every effort to advance to the EPCI work for this Project. The award of this contract aligns with Chiyoda's strategy of growth in offshore floater construction in particular, where Chiyoda recently announced in its Mid-Term Management Plan that it would expand its business area to offshore EPCI projects; this Project is the first EPCI Project in the floating business for the Chiyoda group. Chiyoda is accelerating its involvement in the floating business worldwide with the objective of becoming a leading player through its strategic alliance with Saipem. - See more at: http://www.rigzone.com/news/article.asp?a_id=131790#sthash.5S2HSoXS.dpuf