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Sunday, September 15, 2019
Saipem S.p.A. said that on n September 11 Nigeria LNG Ltd. (NLNG) signed a “letter of intent” with Saipem S.p.A. in joint venture with Daewoo E&C Co. Ltd and Chiyoda Corporation (SCD JV), whereby NLNG confirmed the SCD JV as its preferred bidder, and its intention to award to SCD JV the contract for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project after a competitive FEED contract.
The intended award of the EPC contract is conditional upon the approval of NLNG’s board of directors and shareholders, the approval of any governmental or regulatory authorities, the achievement of any conditions precedent to a final investment decision by NLNG and the execution of a legally binding EPC contract by the parties.
With the signature of the letter of intent, Nigeria LNG Limited and the members of SCD JV committed to finalize the EPC Contract based upon the proposals submitted by SCD JV, on an exclusive basis.
The scope of work of the proposals submitted by the SCD JV includes execution of the engineering, procurement & construction of one complete train and one liquification unit with a total capacity of approximately eight (8) MTPA, plus other associated utilities and infrastructure. Saipem’s share in the SCD JV is approximately 60%.
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