OPERATIONS

PCH wins major Caspian coatings contract

Specialist construction services company, PCH Group Ltd, has announced that it has received a Let...

PCH will start work immediately on the provision of services up to an initial value of $US1 million on the construction of two 14,000 tonne offshore jackets, which BOS is building for the BP-led development of the Azeri-Chirag-Guneshli field.

The Letter of Intent also provides that, subject to finalising miscellaneous contractual matters, a formal contract will be issued covering an extended scope of works, PCH said. The formal contract is expected to have a potential value of approximately $A13 million over a 30-month period.

PCH said today's announcement is a significant as it represents another step forward in its strategy of becoming a major player in the international oil and gas sector.

Today's announcement follows awarding to PCH of a contract in October by US oil and gas contractor J. Ray McDermott Inc in Dubai and various miscellaneous works successfully completed in the Caspian Sea region for both BOS and McDermott in preparation for the main ACG construction project.

The BOS contract is part of the AIOC "Full Field Development" project estimated to cost US$3.4 billion. AIOC is an BP-led international consortium made up of ExxonMobil, Unocal and Itochu.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry