09/02/2012 - 10:52

Clough wins $400m Wheatstone contract

09/02/2012 - 10:52


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Clough wins $400m Wheatstone contract

Clough and its joint venture partner BAM International have won a $400 million engineering and construction contract on Chevron's Wheatstone liquefied natural gas (LNG) project.

The BAM Clough joint venture was awarded the contract by Bechtel, the lead engineering contractor on the LNG project.

The contract is for the design and construction of the product loading facility and tug berths near Onslow, in WA's north.

The scope of work includes the design and construction of a 1.2-kilometre jetty and will result in about 200 jobs, mainly in Australia, at the peak of activities.

"This contract represents significant growth for our near-shore marine construction business, which was established with long-term partner BAM in 1964," Clough chief executive Kevin Gallagher said in a statement.

"We are seeing more near-term opportunities relating to the Australian resources boom than ever before."

The joint venture last week received a letter of intent for a $140 million contract for a module offloading facility (MOF) for the Ichthys LNG project near Darwin.

Separately, Clough was awarded a $350 million contract in its own right early this month for the hook-up and commissioning of the offshore components of the Wheatstone LNG project.

Shares in Clough were down 1.5 cents, or 1.85 per cent, at 79.5 cents at 1319 AEDT, outstripping losses in the broader market.



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