Adyard wins module package from CTJV
US $11.9 million load-out facility to be finished in early 2008.
Contracting and engineering company, CTJV has awarded a US $11.9 million (QR43.5 million) oil and gas fabrication contract to Topaz subsidiary, Adyard.
CTJV, a joint venture between Japanese and French companies Chiyoda Corporation and Technip, awarded the deal for the Qatar Gas 2 LNG onshore facilities project. The contract will involve fabrication, procurement, construction, load-out and hook-up of a loading module for the project.
"The contract gives us a track record in modular construction for LNG load-out keys in the region," said Jim Masterton, general manager, Adyard.
"We hope other firms like RasGas will realise that the use of modules can help them meet their completion dates more easily," he added.
The project will start immediately and is due for completion in early 2008. Under the terms of the contract, Adyard will construct the 1,000-tonne module at its purpose-built yard in Abu Dhabi.
"Our Abu Dhabi yard is ideal as it has two load-out quays in two strategic locations within the fabrication yard," added Masterton.
"This means we can build projects in tandem, giving the flexibility our clients require."
William Ali Mills, chief operating officer of Topaz, said that many national and international oil companies had not upgraded their facilities for years.
"This is why we see the market as buoyant and continuing to grow as far as offshore oil and gas work is concerned," said Mills. "In the future there will be more exploration offshore than onshore, so having a facility capable of fabricating these heavy structures in modules, and then loading them out, is what gives us a key advantage."
The contract follows an award for construction, engineering, fabrication and load-out of a Sulphate Removal Package for Violia Water. Fabrication work commenced in the first quarter of 2007 with completion due in the fourth quarter.