Monadelphous wins $250m in contracts
Monadelphous says it has won three contracts collectively worth $250 million for the Australia Pacific LNG Project in Queensland.
The company said the largest contract was for the construction of an upstream gas processing facility that would process gas from the project's gathering network for delivery to its main pipeline.
"The other contracts comprise the installation of a pipeline compression facility and an interconnect facility, enabling the transfer and metering of gas between networks," Monadelphous said.
The work would be completed in line with APLNG's schedule to deliver first LNG by the middle of next year.
Monadelphous managing director Rob Velletri said the contracts further strengthened the company's reputation in the delivery of major oil and gas projects in Australia and overseas.
The Australia Pacific LNG Project is a coal seam gas to LNG project focused on Gladstone, north of Brisbane. It is a joint venture between Origin Energy (37.5 per cent), CononoPhillips (37.5 per cent) and Sinopec (25 per cent).
Monadelphous shares were off four cents to $16.34 at 11.55am in a broadly weaker market.
