ShawCor Ltd. today announced that its pipecoating division, Bredero Shaw, has received a letter of intent from Mitsui & Co., Ltd. to provide pipeline coatings and related products and services for the gas export pipeline on the Ichthys Gas Field Development Project.
The letter of intent is conditional on a Final Investment Decision (“FID”) by the Ichthys partners, Inpex Corporation and Total E&P, and the receipt of a purchase order and definitive production schedule detailing the start of production and the project duration. Based on current estimates, the Company’s scope of work for the project is expected to exceed US$400 million.
The Ichthys gas export pipeline will transport production from the offshore central processing facility through a subsea pipeline to the onshore LNG facility to be located at Blaydin Point, Darwin, Northern Australia. The pipe coating will involve approximately 900 km of 42″ pipe that will be protected with Asphalt Enamel coating, SureFlo™ internal coating and HeviCote® concrete weight coating. The Company will execute the work at Bredero Shaw’s facilities in Kabil, Indonesia and Kuantan, Malaysia.
[mappress] Offshore Energy Today Staff , November 23, 2011