17/11/2008 - 10:05

Clough secures $60m Varanus contract

17/11/2008 - 10:05

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Clough has confirmed its contracted work for Apache Energy on the Varanus Island Gas Plant repairs amounts to approximately $60 million.

Clough has confirmed its contracted work for Apache Energy on the Varanus Island Gas Plant repairs amounts to approximately $60 million.

The repairs are reuqired following the explosion that caused the temporary shut down of operations on Varanus Island from June 2008, which cut gas supplies by 34 per cent and has been estimated to have cost WA business's $2.4 billion.

 

Full announcement below:

 

Varanus Island Repairs - Clough contract confirmed

Clough Limited (ASX:CLO) confirmed today that its scope of work with Apache Energy for the Varanus Island Gas Plant repairs has been confirmed at approximately $60 million.

This contract comprises important repairs required as a result of the explosion that caused the temporary shut down of operations on Varanus Island from June 2008.

"Since June, our project team has been working closely with Apache to enable urgent repairs to proceed to bring the gas plant safely and efficiently back on line," said Clough's CEO, John Smith.

Varanus Island is approximately 116 kilometres west of Dampier, Western Australia. The gas facility generates around 30 percent of Western Australia's domestic gas supply.

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