ACS Secures $6 Billion Contract for BP Indonesia Carbon Capture Project
ACS, through its subsidiary Hochtief, has secured a $6 billion contract for civil works related to BP Indonesia's Tangguh Ubadari carbon capture project, which aims to capture, utilize, and store carbon while unlocking additional gas resources. The project, valued at $7 billion overall, involves civil works in Papua Barat, including drainage, roads, and prefabricated concrete elements, as well as the installation of steel structures and electrical systems. The contract was awarded by PT JGC Indonesia, the main contractor for the project's development set for 2024.
Theia Market Signal Identification - AI Assisted
ACS, through its subsidiary Hochtief, has secured a contract valued at $6 billion for civil works and connections for BP Indonesia's Tangguh Ubadari carbon capture project. The overall project is estimated at $7 billion and aims to capture, utilize, and store carbon to unlock additional gas resources and reduce emissions.
The contract includes civil works in Papua Barat, Indonesia, focusing on piloting, drainage, roads, foundations, and prefabricated concrete elements. Additional tasks involve the installation of steel structures, piping, electrical systems, and insulation. The project is awarded by PT JGC Indonesia, the main contractor for the project development in 2024.
Comments