Tuesday 23 June 2015

First Laggan-Tormore gas by September: Petrofac statement

The Shetland gas plant being built for Total's Laggan-Tormore Project will have gas flowing into it by September, according to a trading update by contractors Petrofac.

The company say: "Construction activities on the Laggan-Tormore project are substantially complete; we are now busy with final completion and pre-commissioning-related activities and our focus remains on delivering first gas in Q3 2015; additional completion and pre-commissioning works are expected to lead to incremental pre-tax costs of approximately £30m; deferred tax asset recognised in respect of tax losses on the project of approximately £20m."

Full Petrofac statement here:http://www.petrofac.com/media/news/2015/june/23/trading-update.aspx

Shetland News story, with background, here: http://www.shetnews.co.uk/news/10916-petrofac-hopeful-of-first-gas-by-end-of-summer


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