Source: Clough Limited
Engineering and construction company Clough Limited (ASX:CLO) today announced that the BAM Clough Joint Venture has received a A$10 million Work Order relating to the design and construction of an LNG condensate offloading jetty in Papua New Guinea. Engineering and procurement work has commenced while the parties continue to negotiate a contract for the complete scope.
BAM Clough JV is a 50/50 joint venture between BAM International bv and Clough Limited. Established in 1965, the joint venture has successfully delivered a number of similar projects in that 45 year period.