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Clough wins major contracts

TWO offshore oil and gas field contracts worth more than $38 million have been secured by Perth-based Clough Engineering.

The firm won a $25.6 million deal to fast-track the installation of 11 sub-sea water injection pipelines and associated infrastructure for Brunei Shell Petrol-eum’s Champion oil and gas field in the South China Sea.

It is Clough’s second contract of a similar amount with Brunei Shell Petroleum in just over one year.

Work is due to start immediately and be completed by the end of June.

It also has a $13 million contract to install sub-sea pipelines and infrastructure at the Harriet Joint Venture’s Gipsy field development off north-west WA.

“These contract wins highlight the Clough Offshore Division’s ability to broaden their operating skills and provide cost-efficient solutions in order to win more work from our existing blue-chip clients in the industry,” Clough managing director Brian Hewitt said.

“The projects strengthen our strong track record in the oil and gas sector in the region.”

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Engineers

3rd-GHD350
4th↑AECOM300
5th↑CloughNFP
6th-Jacobs Engineering230
7th↑SNC-Lavalin190
145 engineers ranked by number of engineers in WA

Number of Employees

Engineers

Share Transactions

24/04/13
$11k Bought
24/09/10
$2.4m Sold
09/09/10
$1.7m Bought
Total value as at the date of the transaction
Source: Morningstar

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