There is a good chance Waitsia Stage 2 will be completed on time and on budget! Will be a good day on Monday for BPT. There should be an announcement on Monday morning by BPT.
From The Australian:
Webuild finally closes deal for Clough
It will also take on responsibility for finalising Beach Energy and Mitsui’s Waitsia gas project in WA, EnergyAustralia’s Tallawarra gas plant in NSW and the Royal Australian Navy’s Lombrun base in Papua New Guinea.
Creditors will vote on the deal in mid-February.
Mitsui and Beach are understood to be prepared for the contract to switch to a reimbursable basis at Waitsia, effectively removing some of the financial risk for Webuild and boosting the chances of the development being completed on time and budget.
Mitsui E&P Australia (MEPAU) chief executive Ken Yamamura said the closing of a deal was good news for the project and for its workers and contractors.
There is a good chance Waitsia Stage 2 will be completed on time...
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