trending Market Intelligence /marketintelligence/en/news-insights/trending/jV1zadZYSMsvl_KlwEGcaA2 content esgSubNav
In This List

Woodside grants 4 engineering, design contracts for proposed Scarborough project

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Woodside grants 4 engineering, design contracts for proposed Scarborough project

Australia's Woodside Petroleum Ltd. announced Jan. 16 that it granted four contracts for various front-end engineering design activities related to the proposed Scarborough offshore gas production project.

The first contract was granted to McDermott International Inc. subsidiary McDermott Australia Pty. Ltd. for engineering studies for the floating production unit.

The second contract was granted to the Subsea Integration Alliance, a consortium comprising OneSubsea Australia Pty. Ltd. and Subsea 7 SA subsidiary Subsea 7 Australia Contracting Pty. Ltd., for engineering studies for the subsea umbilical risers and flowlines.

The third contract was given to Saipem SpA subsidiary Saipem Australia Pty. Ltd. for export trunkline engineering support services.

The final contract was awarded to Intecsea Pty. Ltd. for export trunkline engineering.

Each of the contracts includes the option to progress to execute phase activities, subject to a positive final investment decision for the project by the Scarborough Joint Venture and other things.

Contract values were not disclosed.

"The award of these contracts brings us closer to unlocking the Scarborough resource," Woodside CEO Peter Coleman said. "We want to continue to maintain the momentum that has been generated during 2018 towards a targeted final investment decision in 2020."