Monadelphous wins $60m contract
Monadelphous Group Limited (MND) said it has been awarded a $60 million contract associated with the construction of the Gorgon Project on Barrow Island in Western Australia. The company said the initial term of the facilities management services contract is for three years, with the option for two further one-year extensions.
Monadelphous said commencement on site is scheduled for February 2010.
The company said the scope of services includes operating and maintaining the water and waste water treatment plants and the power generation and distribution systems as well as management and maintenance of the accommodation facilities and various buildings, vehicles, plant and equipment.
Managing Director Rob Velletri said, the company has a long track record of service on the island, having successfully provided multi-disciplinary maintenance and capital works services on Barrow Island since 2001.
The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron, ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located between 130km and 200km off the north-west coast of Western Australia.
At the close of trade Wednesday, Monadelphous shares were trading at $13.45.
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