08/10/2013 - 11:09

Monadelphous wins $250m in new works

08/10/2013 - 11:09

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Engineering and construction contractor Monadelphous has won a $150 million contract extension for maintenance works at Chevron's Gorgon liquefied natural gas project, as well as construction work linked to the oil and gas giant's Wheatstone project and new work in Queensland.

Monadelphous wins $250m in new works

Engineering and construction contractor Monadelphous has won a $150 million contract extension for maintenance works at Chevron's Gorgon liquefied natural gas project, as well as construction work linked to the oil and gas giant's Wheatstone project.

Monadelphous said today it had been awarded a contract of undisclosed value by DBP Development Group for the construction of the Wheatstone Ashburton West pipeline, which will link the Chevron-operated Wheatstone domestic gas plant with the Dampier to Bunbury natural gas pipeline.

Work will commence immediately on the pipeline and is expected to be completed late next year.

Monadelphous also secured a one-year contract extension worth about $150 million to continue the operation and maintenance of construction facilities at the Gorgon project on Barrow Island. 

This is the second one-year extension to the original three-year contract, which was originally awarded in 2009 and employs about 200 people.

A third contract for the design and construction of the East Nogoa Water Treatment plant in Central Queensland takes the total value of work recently secured by Monadelphous to $250 million.

"We're pleased to extend our relationship with Chevron Australia on Barrow Island, where we've been involved since 2001," Monadelphous managing director Rob Velletri said.

"The new infrastructure construction contracts in oil and gas and water support the ongoing strategic development of our business." 

Monadelphous shares were up 0.35 per cent to $17.11 at 11:00AM WST.

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