16/12/2010 - 12:41

Clough secures Gorgon pipe contract

16/12/2010 - 12:41

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Engineering and construction company Clough has announced it has been awarded a $300 million pipeline contract for Chevron's Gorgon project.

Clough secures Gorgon pipe contract

Engineering and construction company Clough has announced it has been awarded a $300 million pipeline contract for Chevron's Gorgon project.

The contract, awarded to a Clough joint venture with Sea Trucks Australia, will involve the transport and installation of around 90km of pipeline linking Barrow island with the Dampier Bunbury natural gas pipeline.

The facilities are associated with Gorgon's domestic gas production facilities, that are expected to supply an initial 150 terajoules of gas per day to WA customers. Gorgon is ultimately expected to deliver 300 Tj/day to the local market, equivalent to 30 per cent of current demand.

Chief executive John Smith said the WA-based company was proud to be involved with such a landmark development.

"I am pleased for our Marine Construction team who have put in an enormous effort over the past 15 months to secure this substantial contract which underpins backlog through the 11/12 financial year," Mr Smith said.

After spending much of the morning in a trading halt pending the announcement, Clough shares closed up 12 cents to 78.5c.

Also announced today, a joint venture between wholly owned Clough subsidiary Peritus and Finnish company Pöyry has been awarded the concept definition study for the Woodside's Lady Nora development

Lady Nora is one of several hydrocarbon pools on the North West shelf, and the objective of the study is to define the cost and schedule of oil development at the site.

Peritus will provide study management and subsea and marine engineering whilst Pöyry will be responsible for project services, topside facilities, flow assurance and process engineering.

 

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