ATP was awarded two prime contracts as part of the Ichthys LNG Project in Darwin, one of the largest LNG Projects in Australia. The contracts are for the Mobile Data Collection System (MDCS), and the Personnel Locator System (PLS) which have now been combined into the Wireless Local Area Network (WLAN) package that will provide RFID asset tagging and Real-Time Location System (RTLS) personnel tracking at the Inpex Ichthys LNG onshore facility.
ATP is responsible for the engineering, design, documentation, equipment supply, FAT, Integrated FAT and implementation on site of both systems.
The design and engineering work required for each system is complex and challenging due to the size and remote location of the facility together with this being the first “whole site” implementation of RTLS on an LNG Facility. Operating conditions require the systems to withstand temperatures of fifty degrees and above, cyclonic conditions, corrosion from salt spray, and heavy wet weather.
How we helped
While ATP’s bank, NAB, was very supportive of these contracts and others in ATP’s pipeline, it required 100% cash security before it could provide the bank guarantee that ATP needed to fulfil its contractual bonding obligations. This would have tied up precious working capital, which ATP needs to have available to secure new contracts as they arise, and so ATP’s bank referred them to us.
We provided a performance and warranty bond directly to ATP’s customer which allowed ATP to secure these high-profile contracts.
Our performance bond will be in place until practical completion of milestones 1 through 4 and the warranty bond once milestone 5 is completed.
By reducing the strain on its cash reserves, our bonds have allowed ATP to continue tendering for other personnel and asset tracking contracts in the oil & gas and mining services industry and continue its diversification strategy into other sectors, like offshore drilling and pharmaceutical.