Clough scores $116.7 in a week

THE Clough group has won contracts worth $116.7 million in just one week.

The group’s Indonesian subsidiary PT Petrosea TBK has won a three year extension to a major coal mining contract in the province of Kalimantan on Borneo worth $91 million.

Clough Engineering also won a $27.5 million package of oil and gas pipeline contracts from Shell Brunei on Borneo’s north west coast.

Clough Limited managing director Brian Hewitt said the expanded coal contract was a vote of confidence on the outlook of Indonesia’s export markets.

“Indonesia must rely more than ever on the exporting of its abundant and low cost natural re-sources,” Dr Hewitt said.

“Despite low commodity prices we can foresee continued new activity in this sector in the country.

“Petrosea is continuing to trade ahead of budget and missing the worst fallout from the Asian crisis impacting on other Australian companies.”

Petrosea has been providing contracting mining services at the PT Bukit Baiduri Enterprise mine near the provincial capital of Samarinda since April 1995.

The new contract continues the work until June 2002.

The Shell contract, to be done in joint venture with Brunei major oil and gas contractor HJ Malai Mashhor General Contracting is for three turnkey project packages including:

• Replacing a 25 kilometre subsea oil pipeline and associated works

• Installing a new 14 kilometre subsea and onshore gas supply pipeline

• Constructing a new onshore gas metering station and associated facilities.

Work on the contracts is due for completion by the end of May 2000.

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