A consortium led by Keppel Infrastructure Holdings’ subsidiary Pipenet has obtained a S$52.5 million contract to design and build two 48-inch crude-oil pipelines and related facilities on Jurong Island, Keppel said on Tuesday.
The pipelines will facilitate transporting crude oil between the Jurong Rock Caverns, an underground rock cavern for oil storage, and its users, Keppel Corp. said in a filing to SGX before the market open on Tuesday.
The project, which was awarded by JTC Corp., is expected to be completed around the end of 2020, the filing said.
Asia Projects Engineering, which is owned by Kyudenko South East Asia and Mitsubishi Hitachi Power Systems, is also part of the consortium, it said.
Earlier this year, Pipenet also obtained a separate contract from JTC to design, build and operate pipe racks on Jurong Island to assist with pipeline connection to the Jurong Rock Caverns.
That earlier project is already under construction, with completion expected in early 2020, it said.
Pipenet already owns and operates an extensive pipeline corridor network on Jurong Island, the filing said.