Saipem Wins Oz Ichthys Feed Work

Saipem has been awarded a contract for front end engineering and design (Feed) work on a booster compression module at the Inpex-operated Ichthys LNG project in Australia, it said on November 25.

The booster compression module will be installed onto the Ichthys Explorer central processing facility. Saipem's contract includes an option for engineering, procurement and construction of the module as well.

The 8.9mn metric ton/year Ichthys LNG plant started up in October 2018. Inpex serves as operator with a 62.25% stake, while France's Total has 26%. Other shareholders include the off-takers CPC Corp Taiwan (2.63%), Tokyo Gas (1.58%), Osaka Gas (1.2%), Kansai Electric Power (1.2%), Jera (0.74%) and Toho Gas (0.42%).