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Wed 11 Apr 2007 04:47 PM

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Topaz subsidiary nets AED 44 million fabrication deal

Chiyoda & Technip joint venture awards contract for Qatar Gas II LNG project.

Contracting and engineering company, CTJV has awarded a AED 44 million oil and gas fabrication contract to Topaz subsidiary, Adyard.

CTJV, a joint venture between Japanese contractor, Chiyoda and French engineering company, Technip, awarded the deal for the Qatar Gas II LNG onshore facilities project. The contract will involve fabrication, procurement, construction, load-out and hook-up of a loading module for the project.

"The contract gives us a track record in modular construction for LNG load-out keys in the region," said Jim Masterton, general manager of Adyard. "We hope other firms like RasGas will realise that the use of modules can help them meet their completion dates more easily and quickly."

The project will start immediately and is due for completion in early 2008. Under the terms of the contract, Adyard will construct the 1 000 tonne module at its purpose-built yard in Abu Dhabi.

"Our Abu Dhabi yard is ideal as it has two load-out quays in two strategic locations within the fabrication yard," added Masterton. "This means we can build projects in tandem, giving the flexibility our clients require."

William Ali Mills, chief operating officer of Topaz, commented that many national and international oil companies had not upgraded their facilities for years. "This is why we see the market as buoyant and continuing to grow as far as offshore oil and gas work is concerned. There is generally up to a four-year lead time between exploration and production of oil.

"In future there will be more exploration offshore than onshore, so having a facility capable of fabricating these heavy structures in modules, and then loading them out, is what gives us a key advantage."

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