Transfield, Worley JV awarded $76m contract
The Transfield Services Limited (TSE) – WorleyParsons Limited (WOR) joint venture (TSWP) signed a seven-year contract valued at about $76 million to deliver integrated services to Shell Philippines Exploration at its Malampaya gas facility. The companies said the contract includes a three-year extension option.
TSWP said it would provide the base engineering, procurement, construction, maintenance and shutdown services to the Malampaya facilities from 1 January 2010, with the opportunity to access additional high value capital works during the lifetime of this contract.
Managing director and CEO of Transfield Services, Dr Peter Goode, said the company’s expertise would be essential to Shell in the Philippines, which supplies gas to meet 40% of the country’s needs.
TSWP delivers existing international services to Shell Miri in Malaysia, Shell Todd Oil Services and New Zealand Refining Company in New Zealand, Woodside and ExxonMobil in Australia, Goro Nickel in New Caledonia and RasGas in Qatar.
As at 1011 AEDT, Transfield shares were down 6c to $3.85, while WorleyParsons shares were down 53c to $27.59.
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