I can't see any evidence to say that the need for AJL drilling rigs will slow going into next year. IF BG and STO, ORG and AOE are starting to employ staff for their proposed LNG plants then they are going to have to keep expanding production capacity rapidly from now until 2014 (2012 in AOE 's case). They each need spare production of 120- 140 pj for each 3mt train. This is alot of gas to ramp up to and I don't think there is any sense in which drilling slows - precisely the opposite. Obviously if the LNG plans are delayed then that changes things, but that is not what appears to be happening.
On the pipelines we had news yesterday of ANZ trying to finalize the QLD to NSW pipeline and a Qld gov't announcement is pending in a matter of days, as well AOE will probably announce the Moranbah to Gladstone pipe asap..So while lumpy I think that division will do ok out with their proven skills in the area.
JMO and in this climate who knows.
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