Clough Awarded $116m Contract by PTTEP Australasia

abarrelfull wrote on 18 Dec 2013 14:30
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Feb 23, 2009

Engineering and construction company Clough Limited (ASX:CLO) today announced that it has been awarded a contract by PTTEP Australasia (Ashmore Cartier) Pty Ltd valued at circa AUD$116m for the installation of the offshore facilities for the Montara Field Development.

The project incorporates the Montara, Swift and Skua fields which are located approximately 690km West of Darwin in the Ashmore Cartier permit area of the Timor Sea within the AC/L7 and AC/L8 production licences in 80m of water.

The scope of work is for the transportation and installation of the 750te Montara Wellhead Platform deck, the 285te mooring buoy with nine associated mooring legs, approximately 26km of infield pipelines, and the 100te Swift subsea manifold.

John Smith, Clough’s Chief Executive Officer, said: “This is a project well suited to the capabilities of our upgraded Java Constructor and we are delighted to be returning to Australian waters so soon after her extensive upgrade”.

The offshore installation campaign is scheduled to start towards the end of the second quarter of 2009, and will keep the Java Constructor engaged on the project, including mobilization and demobilization, for around four months.

• Clough Awarded $116m Contract by PTTEP Australasia

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