ABB wins $30-million contract for Australia’s Ichthys field
ZURICH -- Power and automation technology group ABB has been appointed the main electrical contractor (MEC) for a new FPSO vessel at the Ichthys oil and gas field in the Timor Sea off Western Australia. The order is worth $30 million and was awarded by the engineering, procurement and construction (EPC) contractor for the FPSO, Daewoo Shipbuilding & Marine Engineering. The order was booked in the first quarter.
This is the third major contract ABB has been awarded for the Ichthys oil and gas project. Recently, ABB was awarded a $15-million order by Samsung Heavy Industries to be the MEC for the Ichthys central processing facility, which, when completed, will be the largest offshore production facility in the world. In 2012, ABB won orders worth $80 million to supply power technologies and medium-voltage drive systems for a new onshore liquefied natural gas plant, to which the gas from the Ichthys field will be transported by pipeline for processing.
Ichthys is the second-largest oil and gas project in Australia’s history. When production starts in 2016, Ichthys will have an initial production capacity of 8.4 million metric tons of liquefied natural gas and 1.6 million metric tons of liquefied petroleum gas a year, as well as about 100,000 barrels of condensate a day at peak. The $32 billion project is a joint venture between Japan-based Inpex Corporation and Total E&P Australia.