Clough AMEC awarded contract extension

20/11/2013


On 20 November 2013, the following announcement was made by AMEC's JV partner Clough with regard to the Bayu Undan contract:

Engineering and project services company Clough Limited (ASX:CLO) today announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities, located in the Timor Sea. The contract extension has an estimated value of AU$150 million.

Bayu-Undan consists of a floating storage and offloading facility and three fixed platforms, a remote wellhead platform, and a compression, utilities and quarters platform, which is bridge-linked to a drilling, production and processing platform.

Clough AMEC is an incorporated joint venture established to provide brownfield engineering, operations and maintenance services to clients in the Australasian oil & gas industry. The joint venture has provided asset integrity management and implementation services to the Bayu-Undan facilities since July 2004.

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