DOW
02/09/2014 11:38
GENERAL
REL: 1138 HRS Downer EDI Limited
GENERAL: DOW: Downer secures contract on Gorgon Project
Media/ASX and NZX Release
2 September 2014
DOWNER SECURES CONTRACT ON GORGON PROJECT
Downer EDI Limited (Downer) announced today it had secured a contract for
miscellaneous works on the Chevron-operated Gorgon Project, located on Barrow
Island off the north-west coast of Western Australia.
The initial term of the contract is for 12 months, with extension options.
The value of the contract is not to exceed $170 million and will depend on
what work orders are placed.
Under the contract, Downer expects to create up to 400 Australian jobs
predominantly located at Barrow Island. The new roles will be across multiple
construction trades disciplines including structural, mechanical, piping,
electrical, instrumentation and civil. There will also be a number of new
project administration and functional support roles located in Downer's Perth
office.
The scope of work may include:
o Structural and piping erection;
o Mechanical installations;
o Electrical and Instrumentation Services;
o Miscellaneous Civil works;
o Pre-commissioning works; and
o Commissioning and start-up assistance.
The Chief Executive Officer of Downer, Grant Fenn, said he was delighted
Downer would be working on one of Australia's largest resources projects.
"Downer is a leading Australian construction contractor and we have a proven
track record in oil and gas," Mr Fenn said.
The Gorgon Project is operated by Chevron. It is a joint venture of the
Australian subsidiaries of Chevron (approximately 47.3 percent), ExxonMobil
(25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1
percent) and Chubu Electric Power (0.417 percent).
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470145
Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water
and Property sectors across Australia, New Zealand and the Asia Pacific
region.
End CA:00254749 For:DOW Type:GENERAL Time:2014-09-02 11:38:14
(20min delay)