Layne Christensen division awarded $21M LNG contract in Uruguay

Layne Christensen Co.

Layne Christensen Co. (Nasdaq:LAYN) reports that Costa Fortuna SA, a wholly owned subsidiary of Layne that operates as part of the Geoconstruction division, has received a contract to perform specialized foundation construction work, including driving steel pipe for a pier and nautical support (jackup barge), in connection with the construction of a liquefied natural gas (LNG) terminal in Punto Sayago, Uruguay.

Work on the project is scheduled to begin in March, and should be completed in approximately one year. The contract has an estimated value to Layne of $20.7 million.

The construction of this LNG terminal is part of a larger endeavor by the government of Uruguay to position the country as a regional energy exporter.




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...