ConocoPhillips Extends Clough AMEC’s Bayu-Undan Contract

Clough Limited today announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities, located in the Timor Sea.

The contract extension has an estimated value of AU$150 million.

Bayu-Undan consists of a floating storage and offloading facility and three fixed platforms, a remote wellhead platform, and a compression, utilities and quarters platform, which is bridge-linked to a drilling, production and processing platform.

Clough AMEC is an incorporated joint venture established to provide brownfield engineering, operations and maintenance services to clients in the Australasian oil & gas industry. The joint venture has provided asset integrity management and implementation services to the Bayu-Undan facilities since July 2004.

[mappress]

Press Release, November 20, 2013