Clough scores US$75 million contract from PTTEP

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    DARWIN, AUSTRALIA — Engineering and construction company Clough Ltd. (ASX: CLO) has been awarded a contract worth around AUD 116 million (US$75 million) by PTTEP Australasia for the installation of offshore facilities for the Montara field development.

    The project incorporates the Montara, Swift and Skua fields which are located approximately 690 kilometers (428 miles) west of Darwin in the Ashmore Cartier permit area of the Timor Sea within the AC/L7 and AC/L8 production licenses in 80 meters (262 ft) of water.

    The scope of work is for the transportation and installation of the 750 metric ton (826-ton) Montara Wellhead Platform deck, the 285 metric ton (314-ton) mooring buoy with nine associated mooring legs, around 26 kilometers (16 miles) of infield pipelines, and the 100 metric ton (110-ton) Swift subsea manifold.

    The offshore installation campaign is scheduled to start towards the end of the second quarter of 2009, and will keep Clough’s derrick pipelay barge Java Constructor engaged on the project, including mobilization and demobilization, for around four months.

    Clough CEO John Smith said, “This is a project well suited to the capabilities of our upgraded Java Constructor and we are delighted to be returning to Australian waters so soon after her extensive upgrade”.

    www.energycurrent.com

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