STREICHER–Clough Joint Venture awarded new contract
24 June 2011
Engineering and construction company Clough Limited (ASX:CLO) today announced the award of a circa A$45 million contract to the STREICHER-Clough Joint Venture (SCJV) for pipeline construction work on the Macedon Project.
SCJV is a 50/50% joint venture between Clough and Germany’s pipeline engineering and construction specialists, STREICHER Group.
The scope of work includes horizontal directional drilling, construction of an onshore wet gas pipeline and sales gas pipeline and umbilical installation. Work is due to commence in June 2011 with completion anticipated in May 2012.
"We are delighted to be working on this important Western Australian project," said Clough’s CEO John Smith.
"We will utilise resources and expertise from our Clough Seam Gas division and partner STREICHER to deliver the best possible project outcomes".
Ends
For further information, please contact:
John Smith, Chief Executive Officer +61 8 9281 9407
Kristy McGrath, Marketing & Communications Manager +61 8 9281 9344/ 0417 451 724
About Clough
Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group's services range from concept development through design, construction, installation, commissioning, operations and maintenance.
Backed by an experienced management team, over 3,000 personnel around the world and sophisticated project management systems, we are recognised for our commitment to safety, sustainable development and the wellbeing of the people, communities and environments in which we operate.