AusGroup Awarded Oil and Gas Fabrication Services Contract

Tuesday, Dec 01, 2009

AusGroup Limited (‘AGL’ or ‘AusGroup’ or the ‘Group’) is pleased to announce the award of a contract by Woodside Energy Ltd (Woodside).

AusGroup’s Australian subsidiary, AGC Industries Pty Ltd (‘AGC’) has been awarded the contract for the provision of fabrication services in support of the maintenance programme at Woodside’s facilities, both onshore, at the Burrup Peninsular and offshore, on the North West Shelf.

This award further extends AusGroup’s ongoing relationship with Woodside, with whom AGC have been providing these fabrication services since 1999.

AusGroup’s Managing Director John Sheridan said “securing the renewal of this contract with Woodside further reinforces AGC’s position as a leading provider of fabrication services in the Oil and Gas industry. We look forward to delivering our services to the complete satisfaction of our client.”

The new contract will commence on the 1st December 2009 for an initial term of three years with three successive 1 yearly options. The contract value is in the order of AU$30 million plus for the initial three year contract.

With this contract award, the order book stands at AU$500 million.

Source: AusGroup