Investors + Media Announcements 2008 AusGroup Awarded Reindeer Fabrication Project
AusGroup Awarded Reindeer Fabrication Project
04 July 2008
- Scope of work includes procurement, supply, fabrication, testing, assembly and load-out of the Reindeer Wellhead Platform.
- Boosted the order book to AUD$223.0 million
AusGroup is pleased to announce that it has been awarded a contrac by Apache Energy Limited, on behalf of the 'WA-209-P Joint Venture', valued at AUD$42.8 million for the fabrication of the Reindeer Wellhead Platform as part of the Reindeer Offshore Gas Development Project.
The scope of work includes the procurement, supply, fabrication, testing, assembly and loading-out of the Reindeer Wellhead Platform ('WHP'). The WHP consists of a fully integrated topside, jackets, piles, load-out barge skid rails and also buoyancy tanks.
The platform's installed location will be 80km northwest of Dampier port in 57 metres of water, which lies in the Barrow sub-basin on the northwest sheld offshore of Western Australia. The offshore Reindeer Gas Field of the WA-209-P Joint Venture will be tied into the Devil Creek Development Project, which is an onshore greenfield gas facilities project development on Western Australia.
The contract value of AUD$42.8 million is mainly for the fabrication, re-measurable at fixed unit rates for weight growth and it also includes a mechanism for labour escalation. The material procurement, load-out and hook-up would be on a cost reimbursement basis.
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"Apache Energy are one of our most important clients. The award of this contract builds on our long standing relationship with Apache. We look forward to delivering this project to the complete satisfaction of our client." John Sheridan, Managing Director and CEO of AusGroup Ltd |
Including this contract, the order book stands at a healthy AUD$223.0 million.
