Ichthys LNG FPSO

220 kilometres offshore, Western Australia

336m floating production, storage and offloading facility used for condensate dewatering, stabilisation, storage and export

Ichthys is the largest discovery of hydrocarbon liquids in Australia in 40 years and is ranked among the most significant oil and gas projects in the world. The US$ 2 billion Ichthys LNG FPSO will be used for condensate dewatering, stabilisation, storage and export. The vessel, which can hold a million barrels, will process and store most of the condensate delivered from the central processing facility before periodically offloading it to carriers for export to market.

Brief

Commercial advise and claim consulting expertise in relation to delay and quantum resulting from scope change on the US$2 billion floating production, storage and offloading facility.

What we did

Expert forensic analysis of delay events including causation, quantum and evidential requirements for use in strategic review.

Developed a claims strategy focused on maximising commercial recovery resulting from scope change whilst minimizing exposure to liquidated damages.

Prepared claims in line with the strategy utilising output from the forensic investigations.

Outcomes

Reports produced by HKA are integral to the claims and ongoing commercial negotiations that form the basis of global settlement claims.

HKA has supported the DSME commercial team in the preparation of claims and continues to provide ongoing support.

"We continue to support EPC contractors in delivering some of the world’s most complex projects.

The financial risks associated with these can be considerable but HKA have the expertise to devise and implement solutions that protect our client’s interests.

This ability is clearly evidenced by our track record on projects of this scale."
David Stapleton
HKA Vice President
Project Details
  • Client
    Daewoo Shipbuilding and Marine Engineering
  • Year
    2014 - ongoing
  • Value
    US$ 2 billion
  • Services
    Consulting, Expert
  • Sectors
    Oil & Gas