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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2012
Nov 22, 2012
65357_rns_2012-11-22_95149cbf-591a-4b4d-828e-482cd7e73873.pdf
Capital/Financing Update
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23 November 2012
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: Monadelphous Secures QCLNG Maintenance Contract
Please find attached a copy of an announcement to be issued today by Monadelphous Group Limited regarding a new contract with QGC Pty Ltd, valued at more than $80 million, to provide maintenance services at the Queensland Curtis LNG (QCLNG) plant near Gladstone in Queensland.
Yours sincerely,
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Philip Trueman Company Secretary
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ASX RELEASE
23 November 2012
Monadelphous Secures QCLNG Maintenance Contract
Leading engineering group Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has been awarded a contract with QGC Pty Ltd (QGC), valued at more than $80 million, to provide maintenance services at its Queensland Curtis LNG (QCLNG) plant.
Monadelphous will provide multidisciplinary core maintenance and shutdown services to support the operations phase of the QCLNG plant, which is under construction at Curtis Island, near Gladstone in Queensland.
The contract commences in January 2013 for an initial six-and-a-half-year term.
QGC is a leading coal seam gas explorer and producer focused on establishing QCLNG as the world's first project to convert coal seam gas into liquefied natural gas (LNG). QCLNG is one of Australia’s largest infrastructure projects which will supply cleaner hydrocarbon energy for export markets from 2014. QGC’s parent company is BG Group, a UK-based global energy player with operations in more than 20 countries.
“We’re pleased to have QGC as a major new customer and to become a key service provider on one of Queensland’s first coal seam gas LNG plants,” Managing Director Rob Velletri said.
“Monadelphous has been established in Gladstone for more than 20 years and this contract will provide new employment opportunities in the region and add to our growing portfolio of LNG work.”
Further Information Analysts/Investors Media Rachael Cutler Brett Lane Investor Relations Manager Group Communications Manager +61 8 9315 7429 +61 8 9315 7385 +61 457 539 985 +61 411 177 809 [email protected] [email protected]
Monadelphous Group Limited is a leading Australian engineering group providing services to the resources, energy and infrastructure industry sectors. The company has a solid track record in the safe and effective delivery of complex and large-scale engineering construction projects and maintenance and industrial services for industry throughout Australia. For more information or to join our free email alerts service visit: www.monadelphous.com.au