Adyard seals CTJV contract worth AED 44 million

Published March 27th, 2007 - 01:35 GMT

Adyard Abu Dhabi LLC (Adyard), a subsidiary of Topaz Energy and Marine Ltd. has been awarded a key oil and gas fabrication contract by CTJV, a joint venture between Chiyoda, the Japanese integrated contractor and French oil and gas engineering company Technip, valued in excess of AED 44 million (US$12 million).


The contract involves fabrication, procurement, construction, load out and hook-up of a Loading Module for the Qatar Gas II LNG Onshore Facilities Project. Under the terms of the contract, Adyard will undertake construction engineering, procurement, fabrication and erection of the 1,000 ton module at its purpose built yard located in Abu Dhabi.


CTJV had previously signed an engineering, procurement and construction (EPC) contract with Qatar Liquefied Gas Company Limited 3 and 4 for large scale liquefied natural gas (LNG) plant construction in Qatar.


Chiyoda has already performed front end engineering and design (FEED) work as a part of the AED 15.7 billion contract and will build two trains, each of which will have an annual LNG production capacity of 7.8 million tons, the world largest, at the Qatargas Plant in Ras Laffan City.


Commenting on the contract win, Jim Masterton, General Manager for Adyard Abu Dhabi LLC said “The project which will commence immediately is due for completion in early 2008. Adyard’s involvement in the CTJV project demonstrates the company’s strengths and capabilities as one of the region’s premier fabrication yards” 


Based in Dubai, Topaz Energy and Marine is one of the U.A.E.’s largest Oil & Gas service companies.


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