Killajoules

Kentz awarded US$100m Contract on Ichthys LNG Project
Kentz Corporation Limited (LSE:KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce the award of an AUD$104m (approx. US$100m) largely reimbursable contract for the underground electrical and instrumentation package for the Ichthys LNG Project in Darwin, Australia.

ABB wins $15 million oil and gas order in Australia
ABB, the leading power and automation technology group, has been appointed the main electrical contractor (MEC) for a new semi-submersible central processing facility (CPF) at the Ichthys oil and gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering, procurement and construction (EPC) contractor for the central processing facility, Samsung Heavy Industries. When completed in 2016 the CPF will be the largest offshore production facility in the world.

Loan for Acquisition of Interests and Development of Prelude Floating LNG Project in Australia
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today, a loan agreement amounting up to 600 million U.S. dollars (JBIC portion) with INPEX CORPORATION (INPEX). The loan is cofinanced with Mizuho Corporate Bank, Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Banking Corporation, with the overall cofinancing amount totaling 1 billion U.S. dollars.

The loan is intended to finance INPEX Oil & Gas Australia Proprietary Limited, a wholly-owned subsidiary of INPEX in Australia, for acquiring, from Australian subsidiary of Royal Dutch Shell (Britain and Netherlands; Shell), a 17.5% participating interest in the block containing the Prelude and Concerto gas fields, located approximately 475km north-northeast of Broome, off the coast of Western Australia, and for producing natural gas and processing it into liquefied natural gas (LNG) by utilizing floating LNG (FLNG) technology.

FLNG technology is a new gas development technology whereby natural gas from offshore gas field is processed into liquid and stored on a large vessel equipped with an LNG plant and directly offloaded to an LNG carrier for shipment. Compared to constructing a liquefaction plant onshore, it does not need to lay down gas pipelines or develop the onshore area for installing conventional facilities including liquefaction plant. Therefore, it requires less initial investments and minimizes the environmental impact. In addition, since an FLNG vessel can move to other offshore gas fields, it is promising way of developing small- and medium-scale offshore gas fields. Participating in the world's leading FLNG Project led by Shell will also serve INPEX to acquire knowhow on FLNG projects.

JBIC will continue to actively support Japanese businesses for developing and acquiring interests in energy and mineral resources by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function, thereby contributing to Japan's energy security.

Wood Group Kenny in Indonesia awarded subsea feed for INPEX Abadi LNG project
Wood Group Kenny has been awarded an $8.6 million contract by INPEX Masela, Ltd. (INPEX), a subsidiary of INPEX CORPORATION, to carry out the front end engineering and design (FEED) of the major subsea production facilities for the Abadi LNG (liquefied natural gas) project in Indonesia. The Abadi LNG project will involve the construction of a floating LNG (FLNG) plant which will produce 2.5 million tonnes per annum for the first stage of development of the Abadi gas field located in the Masela Block in Arafura Sea, Indonesia.

INPEX launches FLNG FEED for the Abadi LNG Project, the Masela Block, Indonesia
INPEX CORPORATION (INPEX) is pleased to announce today that its affiliate INPEX Masela, Ltd. (INPEX Masela) has awarded contracts for the Front End Engineering and Design (FEED*) of its Floating LNG (“FLNG”) facility for the development of the Abadi LNG Project in Indonesia.

Ichthys on Track as Offshore Facilities Take Shape
The INPEX-operated Ichthys LNG Project (the Project) is on track to achieving first gas by the end of 2016 with the first steel cutting today by Samsung Heavy Industries for what will be the world’s largest semi-submersible platform.

Alfa Laval wins SEK 130 million offshore gas order in South Korea
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to supply Alfa Laval Aalborg heaters to a floating production, storage and offloading vessel (FPSO) which will be built in Korea. The order, booked in the Marine & Offshore Systems segment, is worth approximately SEK 130 million and delivery is scheduled for 2013.

Ichthys LNG Project Completes Project Financing Arrangements
INPEX CORPORATION (INPEX) is pleased to announce today that the INPEX-led Ichthys LNG Project has finalized arrangements for US$20 billion in project finance* loans including those with eight export credit agencies (ECAs) and 24 commercial banks (ECAs and commercial banks are referred to as “Lenders”). The Ichthys project financing is the biggest project financing ever arranged in the international financial market.

MOO Sign a Contract With Lukoil & Inpex
The Iraqi ministry of oil signed a contract in its final form in Wednesday the 7th of November 2012 with the consortium of Lukoil Russian & Inpex Japanese, for the exploratory area (No. 10) 5500 square kilometers with carbonic structures / oil, which is located between Muthanna & Thiqar, which was offered in the 4th licensing round, And it is worthy to mention that, the two companies consortium offered 5.99$ wages profit per barrel.

INPEX launches subsea FEED for the Abadi LNG Project, the Masela Block, Indonesia
INPEX CORPORATION (INPEX) is pleased to announce today that its affiliate INPEX Masela, Ltd. (INPEX Masela) has awarded the contract for the Front End Engineering and Design (FEED*) of its major subsea production facilities for the development of the Abadi LNG Project in Indonesia. The Abadi LNG Project is a liquefied natural gas (LNG) project, which envisions the adoption of the Floating LNG (FLNG) plant constructed and utilized for an annual production of 2.5 million tonnes for the Stage-1 development of the Abadi gas field located in the Masela Block, Arafura Sea, Indonesia.