SANTOS LIMITED — Capital/Financing Update 2014

Aug 26, 2014

==> picture [107 x 58] intentionally omitted <==

Level 10 2 Elizabeth Plaza ABN 66 121 517 860 North Sydney NSW 2060 T. 61 2 8908 8900 PO Box 1243 F. 61 2 8908 8910 North Sydney NSW 2059 www.wdslimited.com.au

27 August 2014

WDS ENERGY DIVISION AWARDED $65M CONTRACTS TO BE DELIVERED IN FY15

Sydney, 27 August 2014: WDS Limited (ASX:WDS), a leading integrated services provider to the energy and mining sectors, today announced that its Energy Division, has won contracts with a total value of circa $65M, for delivery in the current financial year.

The contracts with Santos Limited (GLNG Project), and Arrow Energy, continue to broaden WDS’ reach across the CSG participants.

WDS - China Petroleum Engineering & Construction Corporation (“CPECC”) JV awarded Construction Master Services Agreement with Arrow Energy

The WDS - CPECC JV has been awarded the Construction Master Services Agreement with Arrow Energy for Arrow’s planned Daandine Facility Expansion Project. The term of the Agreement is two years with an option to extend for a further one year.

The facility at Daandine is a compression station that is being upgraded to support Arrow’s commitment to Australia’s domestic gas market. The expansion is being managed by Arrow’s EPcM partner, Clough Amec Joint Venture. WDS’ partner CPECC is a major engineering and construction company with large-scale petro-chemical and water projects across the Asian, African and American continents as well as in Australia.

WDS Managing Director Terry Chapman said that the new agreement followed on from the award of the Field Development and Operation Construction Master Services Agreement earlier this year. “This new contract further strengthens the relationship between Arrow Energy and WDS and provides us with a further opportunity to expand our service offerings to CSG Upstream Developments," Mr Chapman said.

The JV will provide the following services:

• mechanical and electrical installation of infrastructure

• fabrication and installation of wellhead surface infrastructure;

• installation of associated gas distribution and water gathering flow lines;

• High voltage and low voltage power works; and

• civil construction and maintenance works.

The JV will commence mobilisation for the project in September 2014 with personnel, plant and equipment managed out of the joint venture’s Brisbane office. The works will be conducted in the Surat Basin in Southern Queensland with support provided out of WDS facilities in Brisbane, Dalby, Roma, and WDS’ fabrication facilities in Yatala, south of Brisbane.

Santos GLNG Fairview Eastern Flank Phase construction contract

WDS has been successful in the award of the Santos GLNG Fairview Eastern Flank Phase construction contract. The project is for the installation of facilities for 74 gas wells and includes the connected gas and water gathering systems and high voltage power. The project will begin on the ground later this year.

“This project is significant for WDS and continues our 10 year relationship with Santos GLNG said Mr Chapman”.

For Further Information please contact:		Media Enquiries:
Terry Chapman	Anne Hayes	Geoff Newman
Chief Executive Officer	Chief Financial Officer	FIRST Advisers
WDS Limited	WDS Limited	02 8355 1006 (D)
(02) 8908 8900	(02) 8908 8900	0410 515 830 (M)

ABOUT WDS LIMITED : WDS is a provider of world class services to the Energy and Mining sectors in Australia, enabling our clients to focus on their core business. We employ a large workforce of skilled people with strong technical and industry expertise capable of delivering specialist feasibility, design, engineering, manufacturing & construction and maintenance related services. Our clients include blue chip corporates, government, emerging miners and gas producers who respect our commitment to the highest standards of safety and environment, operational excellence, working together and accountability for on-time and on-budget project delivery For further information, visit our website at www.wdslimited.com.au