Fairstar Wins Two Transportation Contracts for Ichthys LNG Project, Australia

Fairstar Wins Two Transportation Contracts for Ichthys LNG Project, Australia

Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by the JKC Joint Venture (JKC) consisting of JGC and Chiyoda of Japan and KBR of the United States, to provide marine transportation services for the Ichthys LNG Project in Darwin, Australia.

The two contracts engage the Fairstar 50,000 DWT, open stern, semi-submersible vessels FORTE and FINESSE for approximately twelve months per ship commencing in the Second Quarter of 2014. The total value of the two contracts is USD 56 million for the initial period. JKC has the option to extend the contracts a further six months at the same voyage rates agreed to in the initial period. The options are not included in the original contract value. FORTE and FINESSE will execute a series of voyages from various fabrication yards in Asia Pacific, transporting the modules required to construct the two LNG trains now approved for development at the Ichthys LNG Project site in Darwin.

Philip Adkins, Chief Executive Officer of Fairstar, commented from Yokohama Japan shortly after signing the contracts, “Fairstar will work closely with JKC to manage the safe and reliable delivery of the LNG modules for the Ichthys LNG Project and will be closely engaged with the JKC Project Team in Japan, preparing for the first voyage in 2014. FORTE and FINESSE are two of the most modern, open stern, semi-submersible ships in the world today. They have fully independent and redundant propulsion systems as well as a powerful ballast system capable of safely maintaining equilibrium at quayside throughout the extreme tidal cycle that will be a feature of discharge operations in Darwin.

Fairstar has gained considerable experience in Australian quarantine and environmental practices through our involvement in the Gorgon LNG Project. Safety and Environmental stewardship play a dominant role in all Australian energy infrastructure projects. Fairstar has invested heavily in the quality and experience of our team. We are committed to providing our clients with an integrated package of modern, purpose built vessels, experienced Dutch crews and dedicated project professionals. All of these resources will make a significant contribution to the Ichthys LNG Project and we are delighted to be awarded two multiple voyage contracts for the FORTE and FINESSE.”

The Ichthys LNG Project is a joint venture between INPEX (76%, the Operator) and Total (24%). Gas from the Ichthys Field, in the Browse Basin approximately 200 kilometres offshore Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889 kilometre subsea pipeline. The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

World Maritime News Staff, March 5, 2012; Image: Fairstar

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2016 >>
MTWTFSS
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 1 2 3 4 5 6

PUMPS & VALVES 2016

The 16th edition of PUMPS & VALVES in co-location with Maintenance, 20 and 21 April 2016 in Antwerp expo, will present a complete overview of all the technologies and innovations in the field of industrial pumps, valves and seals.

The exhibition will feature industrial pumps, control valves, valves, seals, filters and filtration, processing equipment, piping & pipelines, services for industry, governmental agencies & pipeline operators.

Pumps and Valves’ second duo edition, co-located with Maintenance, enjoyed a solid 8% increase in visitors with a total of 5.492 visitors.

read more >

FPSO Europe Congress

Why Attend the 2nd Annual FPSO Europe Congress?
Discover how FPSO leaders are embracing the new realities of a low oil price environment – what are the strategies to adopt in pursuit of viable economical FPSO projects?…

read more >

Port & Terminal Technology Conference & Exhibition 2016

MCI Media Limited are hosting the 8th International Port & Terminal Technology Conference & Exhibition in Charleston, SC.

This year, we are delighted to welcome South Carolina Ports Authority as official supporters.

Having established itself as a “must-attend” key industry event, Port & Terminal Technology will deliver an informative and technical conference programme complemented by an impressive line-up of industry experts.

Exploring the latest developments, issues, trends and technology affecting ports and terminals around the globe, the conference will provide delegates an invaluable learning opportunity as well as an excellent platform for discussion, debate and networking.

Port & Terminal Technology is specially designed for representatives from operations, maintenance and engineering from port authorities, terminal operators, consultancy firms, dredging contractors, maritime construction firms and suppliers of cargo handling equipment and those involved in the effective development and operation of container ports and terminals.

The conference is complemented by an intimate exhibition, comprising a select handful of elite market leaders, enabling companies to reach a niche target audience, showcase their products and network with potential, new and existing clients.

read more >

World Water Works 2016

Rising sea levels, ever-larger container ships, increased pressure on the accessibility of ports and waterways and the associated infrastructural requirements are all global problems.

The time is ripe for sustainable solutions which are both financially feasible and ecologically responsible.

Conference and exhibition

The two-day international hydraulic engineering conference and exhibition World Water Works on 23 and 24 March 2016 at Antwerp Expo brings together science, industry practices and trends related to:

– Hydraulic engineering
– Accessibility of ports and waterways
– Coastline and shoreline projects
– The construction of bridges, locks and tunnels
– Future offshore sea ports

read more >