Boskalis associate Smit Lamnalco signs 10-year terminal services contractNews // June 26, 2012
Royal Boskalis Westminster (Boskalis) has announced that its associated company Smit Lamnalco has been awarded a 10-year contract with additional extension options by Esso Highland (a subsidiary of ExxonMobil) for providing terminal services at the Papua New Guinea liquefied natural gas (PNG LNG) export terminal near Port Moresby.
The total value of the contract is US$120 million (of which the Boskalis share US$60 million) and services will commence mid-2014.
The PNG LNG export terminal is part of a larger integrated LNG production, processing and liquefaction project which started following the discovery of three major gas field in Papua New Guinea.
Both the offshore and onshore infrastructure is currently under construction and expected to be operational in 2014.
Smit Lamnalco will provide towage and marine support services for LNG vessels at the terminal for which it will invest in four new 65 ton bollard pull tugboats.