Engineering group Monadelphous Group Ltd (ASX:MND) says it has secured new contracts and work in Western Australia and Papua New Guinea worth around $120 million in total.
In Papua New Guinea, the company has secured a three year contract extension with Oil Search for field construction and services at its oil and gas production and support facilities in the Southern Highlands Province.
The agreement includes additional work to upgrade Oil Search's Kutubu and Gobe facilities in preparation for the delivery of gas to the PNG LNG project.
In Western Australia the engineering group has won a contract to construct intake and outfall pipelines and associated work for the desalination plant at CITIC Pacific Mining's Sino Iron project at Cape Preston in the Pilbara.
It has also been awarded a contract with WA Water Corp and will undertake works for BHP Billiton Iron Ore's Rapid Growth Project 5 in Western Australia.
Monadelphous Group reported earnings of $83.21 million for the 2010 financial year.
MND Price at posting:
$16.28 Sentiment: None Disclosure: Held
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