AusGroup Secures AUD$12.0 million Contract for Construction Manning Services

abarrelfull wrote on 25 Feb 2013 11:57
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26 March 2008

AUD$12.0 million offshore construction manning support contract awarded for the support of the offshore installation of a production platform topside, jacket and pipeline for the Montara oil field development project.

AusGroup is pleased to announce the award of a AUD$12.0 million contract. This brings the total order book till date to more than AUD$190.0 million.

AusGroup will collaborate with an unnamed international offshore construction services client in support of the construction work on the Montara offshore oil field development project located off the north-west coast of Australia. AusGroup will supply supervision and labour to the client for the offshore installation of a production platform topside, jacket and offshore pipeline. The value for this contract is A$12 million. The work is scheduled to commence in April 2008 and will be completed by October 2008.

This contract provides AusGroup with exposure to the offshore construction services sector in Australia. AusGroup’s ability to recruit specialist offshore personnel and manage associated safety and industrial relations issues strengthens the Group’s ability to secure additional offshore construction services related contracts.

“These new orders take our Group’s order book to more than A$190 million. This represents a new market sector for AusGroup. Together with the A$26 million contracts announced last week, AusGroup has secured approximately A$38 million contracts in less than 2 weeks!"

“This is a good start for AusGroup and we look forward to continue the growth momentum in 2008.”

• AusGroup Secures AUD$12.0 million Contract for Construction Manning Services

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