- Release Date: 01/11/13 13:06
- Summary: GENERAL: DOW: Downer secures $400m E&I packages for Wheatstone project
- Price Sensitive: No
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DOW 01/11/2013 11:06 GENERAL REL: 1106 HRS Downer EDI Limited GENERAL: DOW: Downer secures $400m E&I packages for Wheatstone project Media/ASX and NZX Release DOWNER SECURES $400 MILLION E&I PACKAGES FOR WHEATSTONE PROJECT 1 November 2013 Downer EDI Limited (Downer) announced today that it has secured a contract with Bechtel for two electrical and instrumentation (E&I) packages for the downstream portion of the Chevron-operated Wheatstone Project in Western Australia. The contract, valued at approximately A$400 million, will commence onsite late 2014. Under the agreement, Downer expects to create up to 600 Australian jobs predominantly located at Ashburton North, 12 kilometres west of Onslow in Western Australia. The new roles will be across a variety of construction trades, mainly electrical and instrumentation. There will also be a number of new project administration and functional support roles located in Downer's Perth office. The scope of work, which covers both inside and outside the LNG trains and domestic gas plant processing areas, includes: o installation of cable support systems o installation of electrical, control and instrumentation cabling o installation and calibration of instruments o installation of major electrical equipment o general lighting and power o pre-commissioning works o commissioning and start-up assistance The Chief Executive Officer of Downer, Grant Fenn, said: "We are delighted to have been awarded the E&I packages on one of Australia's largest resource projects and to create employment opportunities within Australia. "Downer is Australia's leading E&I contractor and these contracts will help us to build on our proven track record in oil and gas. We have a strong working relationship with Bechtel and look forward to working with them to deliver this important project." 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. Downer is committed to Zero Harm, which means sustaining a work environment which supports the health and safety of its people and minimises the impact the business has on the environment. About the Wheatstone Project: The Chevron-operated Wheatstone Project is one of Australia's largest resource projects. Located at Ashburton North, 12 kilometres west of Onslow in Western Australia, the project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant. The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron, Apache Corporation, Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell and Kyushu Electric Power Company (Kyushu) together with PE Wheatstone Pty Ltd (part owned by TEPCO). About Chevron Australia: Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of more than 4,000 people, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; and operates Australia's largest onshore oilfield on Barrow Island. Chevron is also a significant investor in exploration offshore northwest Australia and onshore in the Nappamerri Trough, central Australia. Chevron's Perth-based Global Technology Centre provides technology support and solutions to the company's operations in Australia and around the world. www.chevronaustralia.com About Bechtel: Bechtel is contracted to Chevron to provide engineering, procurement and construction services for the downstream portion of the Wheatstone LNG Project. Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right - no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialise in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, our 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries. For more information about Bechtel visit www.bechtel.com End CA:00243226 For:DOW Type:GENERAL Time:2013-11-01 11:06:17
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