07/03/2013 - 10:41

Decmil wins $25m Prelude deal

07/03/2013 - 10:41

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Decmil wins $25m Prelude deal
Decmil will construct a supply base in Darwin for Shell's Prelude floating LNG development.

Construction and engineering contractor Decmil Group has extended its reach into the oil and gas sector with the announcement of a $25 million contract win with Royal Dutch Shell.

Decmil said today it had been appointed as principal contractor for the construction of Shell’s Darwin onshore supply base, which will support the Prelude floating LNG processing facility.

The base will include a range of facilities including administration buildings, a climate controlled warehouse, storage yards, hard stands, a wash down pad, roads and car parks.

The works will commence in July, with design and construction expected to take around 12 months.

Chief executive Scott Criddle was delighted to welcome Shell as a new client.

“Decmil has been increasing our exposure to the oil and gas industry over recent years and it is therefore very pleasing to secure this major contract,” Mr Criddle said in a statement.

“It also further broadens our geographic footprint as we extend our presence beyond the Western Australian and Queensland markets which have provided the majority of the group’s work to date.”

At 10:30Am, WST, Decmil shares were down 1.6 per cent, trading at $2.40. 

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