Australia: Wheatstone Dredging Contract for Great Lakes

Wheatstone Dredging Contract for Great Lakes

Great Lakes Dredge & Dock Corporation announced its participation with DEME in the Wheatstone LNG Project dredging works in Australia.

Dredging International (Australia) Pty Ltd, a member of the DEME Group, has been awarded a subcontract to dredge the approach channel, the maneuvering area and the berths for the Chevron-operated Wheatstone Project near the town of Onslow, located along the Australian north-west coast. The subcontract was awarded by Bechtel Australia Pty Ltd to Dredging International (Australia) Pty Ltd and will be executed in cooperation with Great Lakes. The work includes dredging more than 26 million cubic meters of material and the work will be executed under strict environmental conditions.

The total subcontract represents a value at today’s currency exchange rates of about AUD 1.13 billion (about $1.21 billion), of which Great Lakes will perform mechanical dredging on the project. Great Lakes currently expects to realize approximately $180 million in revenue on this project with the potential for greater income once we finalize our participation.

The subcontract will create more than 350 jobs at peak, including 70 in Western Australia, 40 in Pilbara region and 90 throughout Australia. It will also involve business based in Onslow.

Great Lakes will mobilize its backhoe dredge, New York, two 5,000 cubic yard material barges, tug boats and ancillary support equipment to Western Australia to assist in the excavation of clay and rock to create the access to the Wheatstone material offloading facility and the approach channel. The Great Lakes portion of the project is expected to take about 27 months to complete.

David Simonelli, President of Dredging Operations, said “Great Lakes is pleased to be participating in the Wheatstone Project with our dredge New York which is ideally suited to perform in this environment. DEME and Great Lakes have a long history of joint venture and sub-contract cooperation, and we look forward to partnering with Chevron and Bechtel to successfully complete the Wheatstone Project. Our dredge New York will enjoy solid utilization for more than two years. We expect to commence mobilization to the Wheatstone Project in the third quarter of 2012, following the completion of our other contract obligations for the dredge New York.”

LNG World News Staff, February 14, 2012; Image: Chevron

 

Share this article

Follow LNG World News

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

LNG Pricing, Trading & Risk Management: 2-Day Course

This is a highly practical course in which participants will receive and use the LNG Analysis Toolkit (TM), a suite of Excel templates and algorithms, to apply the concepts and techniques they will learn in the following areas:

  • Analyzing supply, demand, trade flows & pricing in the LNG markets
  • Constructing LNG forward market price & volatility curves
  • Pricing, structuring & negotiating competitive LNG supply contracts
  • Identifying & executing successful LNG trading and hedging strategies
  • Modeling & optimizing LNG position risk vs. reward
  • Profiling, measuring & hedging LNG portfolio risk

Our course is a truly unique professional development and learning experience that past participants have credited for boosting their knowledge, skills and productivity.

More info

read more >

CWC’s World LNG Summit & Awards Evening

Now in its 17th year, the CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry…

read more >