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This negative Segment EBIT(7) was mainly due to unfavourable reforecasts on certain major LSTK construction projects for a combined net unfavourable impact totaling approximatively $280 million.
Pointing out that in early 2018, Schlumberger was awarded the largest land rig integrated LSTK contract with Saudi Aramco, Jeha says that aside from the LSTK contract, Saudi Aramco awarded Schlumberger a three-year integrated production services contract for the provision of well stimulation and testing services for a conventional gas field in the South Area.
The scope of the project awarded to TR includes the development of the utilities and off-sites facilities for the IGCC complex under a Lump Sum Turn Key (LSTK) contract covering the services for engineering, procurement, construction, precommissioning and commissioning support for the facilities.
Qasco gave the DRI lump-sum turnkey (LSTK) contract to Kobe Steel in March 2005.
Khurais central processing facility project The Yokogawa process control system (PCS) for the Khurais central processing facility project was selected in August 2006 with Yokogawa working with its lump sum turnkey (LSTK) contractors.
This has been tendered in two packages with each to be awarded as a lump-sum turnkey (LSTK) contract: (1) two gas treatment trains, and (2) three NGL recovery units.
Mohammad Al-Mojil Group's restructuring plan is to focus on using existing skills and assets to service a buoyant oil & gas market in the Kingdom as opposed to taking on some of the larger but more risky LSTK (lump sum, turnkey) contracts.
It was said on May 1 that KNPC project's re-tender would be on lump-sum turnkey (LSTK) basis.
(Hongfu) the $350m lump-sum turn-key (LSTK) contract to build a plant at the Jalamid mine in the north of the kingdom.
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