Clough AMEC awarded $100m contract extension
19 October 2011
Engineering and construction company Clough Limited (ASX:CLO) today announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.
Clough AMEC is an incorporated joint venture established to provide engineering, operations and maintenance services to clients in the Australasian hydrocarbons industry. The joint venture has provided operations and maintenance services to the Bayu-Undan facilities since July 2004.
“We are delighted to continue our long-term relationship with valued client ConocoPhillips on this important contract” said John Smith, Clough CEO.
“Clough AMEC has a long history of supporting ConocoPhillips on Bayu Undan and this award reinforces the strength of our relationship and our commitment to the successful operation of this facility” said AMEC Director Australia and South East Asia, Steve Ciccone.
Bayu-Undan consists of a floating storage and offloading facility and three fixed platforms, a remote wellhead platform, and a compression, utilities and quarters platform, which is bridge-linked to a drilling, production and processing platform.
The scope of work includes implementation engineering, work package preparation, planning, hazard assessment, coordination, offshore field services and implementation. In addition, training and capability development in Timor Leste which is an important part of the contract, will build on the work Clough AMEC has already undertaken in the region.
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For further information, please contact:
John Smith, Chief Executive Officer +61 8 9281 9407
Kristy McGrath, Marketing & Communications Manager +61 8 9281 9344
About Clough
Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service to oil and gas and minerals projects in Australia and South East Asia. The Group's services range from concept development through design, construction, installation, commissioning, operations and maintenance.
Backed by an experienced management team, over 3,500 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.