Chiyoda Corporation (“Chiyoda”, TSE:6366; ISIN:JP3528600004), in Joint Venture (JV) with Saipem S.p.A. (“Saipem”) and Daewoo E&C (“Daewoo”), has been awarded by Nigeria LNG Limited (NLNG) a new contract for the FEED and the preparation of the EPC proposal for the NLNG Train 7 Project. The Plant, being operated by NLNG, is located at Bonny Island, approximately 40 km south of Port Harcourt in Rivers State, Nigeria.

The NLNG Train 7 Project has the objective to expand the existing LNG facility, constituted by 6 LNG Trains and relevant facilities, with a Complete Liquefaction Train (Train 7 replica of the Train 6 as-is design) and relevant facilities. Furthermore, a new Common Liquefaction Unit will be designed to collect excess treated gas from the existing trains and process it into LNG.

In addition, a new export Jetty, all brownfield interconnections and the expansion of utilities are part of the Scope of Work.

All activities will be carried out by the JV Partners with the collaboration of Nigerian engineering service providers as registered under the Council for the Regulation of Engineering (COREN), through two main operating centres, Port Harcourt (Nigeria) and Milan (Italy).

Saipem will be the JV Leader.

About Chiyoda

Chiyoda Corporation (TSE: 6366; ISIN: JP3528600004), headquartered in Yokohama, Japan provides services in the fields of engineering, procurement and construction on a global basis for gas processing, refineries other hydrocarbon or industrial plant project, particularly gas value chain project, in the USA, South East Asia, the Oceania regions, the Middle East and Russia.

About Saipem

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.