News: Clough JV scores $75M PNG contract

.

Clough Limited (ASX:CLO) has scored a $75 million contract as part of a joint venture for work in Papua New Guinea. 

 

The engineering and project services company says the Clough Curtain JV will work on the PNG LNG upstream infrastructure project.

 

The project is an integrated development including gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Among the participating interests are Exxon Mobil Corporation, Oil Search Limited (ASX:OSH) and Santos Limited (ASX:STO). 

 

Earlier this month the Clough AMEC JV secured a contract extension worth more than $20 million to work on Chevron Australia's oil facilities off the north west coast of Australia.

 

Clough reported a net profit of $43 million in the 2012 financial year.