CB&I has announced that it has been approved by Esso Highlands Ltd of a contract with CB&I in its joint venture with Clough, for the engineering, procurement and construction of the PNG LNG Project’s gas conditioning plant, pending final project authorizations. The estimated value of the contract is in excess of USD 1 billion. Esso Highlands, a subsidiary of Exxon Mobil Corp., is the operator of the PNG LNG Project. The contract scope includes the EPC work for the gas conditioning plant, nearby wellheads and associated piping and infrastructure, to be located in the Southern Highlands of Papua New Guinea. The work will be performed by CBI Clough JV, a joint venture between CB&I (65%) and Clough (35%).
