Leighton’s Gorgon Contract Value Increases by $975 Mln (Australia)

The value of Leighton Contractors’ contract to deliver the civils and underground works package for Chevron-operated Gorgon Project has increased by $975 million to an estimated value of $1.789 billion.

The new estimated value reflects an increased and amended scope of works to provide better flexibility to deliver the package in a more efficient and timely way. The contract scope includes earthworks, in-situ and precast concrete and underground services, including drainage, piping and electrical and instrumentation cabling which will be installed within the LNG plant site.

Craig Laslett, Managing Director of Leighton Contractors, said the company “is committed to continuing to work closely with Chevron to deliver this important project.”

The Gorgon Project is one of the world’s largest natural gas projects and the single largest resource development in Australia’s history. It is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), with the Australian subsidiaries of ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent).

[mappress]
February 25, 2013