Monadelphous, in a joint venture with Jacobs Engineering, received a letter of intent from Oil Search for a new five-year contract for Oil Search’s oil and gas production facilities in the Highlands region of Papua New Guinea (PNG).
The proposed engineering, procurement and construction (EPC) services contract for the Monadelphous Jacobs joint venture, is valued at approximately US$50 million per year, according to Monadelphous’ statement.
The joint venture will provide a wide range of brownfield project services including engineering, procurement, civil, mechanical and electrical works on pipelines, utilities, facilities and supporting infrastructure.
Works are scheduled to commence in the second quarter of the 2017 calendar year, the Sydney-based engineer said.
The partnership aims to provide productivity enhancements and cost savings for Oil Search, through optimized constructability input during design and a streamlined handover to the site.