Toll Nabs Ichthys LNG Deal

Toll Group has been awarded a contract by global oil and gas exploration and production company INPEX, valued at $90 million over 10 years.

Toll will design, construct and operate the INPEX-operated Ichthys LNG Project’s Offshore Logistics Base in the Northern Territory, as well as provide ongoing logistical support for the project in the Browse Basin, located off the northern coast of Western Australia.

Toll Global Resources CEO David Jackson said Toll was looking forward to a long and successful partnership with INPEX over the life of the Ichthys Project, which is estimated to be more than 40 years.

“The variety of work we’re doing for the INPEX Offshore Logistics Base is an excellent example of Toll’s capabilities in servicing the oil and gas sector,” Jackson said. “This facility, along with the associated drilling support facility, developed for INPEX in Broome by the Toll Mermaid joint venture, demonstrates Toll’s commitment to invest in world-class facilities for our customers’ world-class projects.”

The Offshore Logistics Base will remotely support major offshore facilities in the Ichthys Field, which is about 820 kilometres southwest of Darwin in the Browse Basin. This will include supplying materials to the project’s floating production, storage and offloading vessel and central processing facility.

Toll will own the INPEX-dedicated facility, which will be used for the storage and distribution of spares, equipment and chemicals. The base will be located in Darwin’s East Arm Business Park Precinct. Construction is expected to be completed in early 2015, with the facility expected to be fully operational later that year.

Press Release, February 07, 2014

 

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