AI assistant
WORLEY LIMITED — Capital/Financing Update 2009
Oct 25, 2009
66073_rns_2009-10-25_e9dd2e20-64f0-4d81-99af-52accc44123f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [136 x 54] intentionally omitted <==
ASX/Media Release
26 October, 2009
WorleyParsons appointed as FEED Program Manager for Arrow’s Surat Gas Project
Arrow Energy Limited (Arrow, ASX: AOE ) has appointed WorleyParsons (ASX: WOR) as Program Manager for the Front End Engineering and Design (FEED) study for the Surat Gas Project. The Surat Gas Project will significantly expand Arrow’s gas production from the Surat Basin for the ongoing supply of the Queensland gas market and the proposed 1.5mtpa liquefied natural gas (LNG) plant for Fisherman’s Landing at Gladstone.
The FEED study will include the preliminary engineering, design, procurement and planning services that will enable the preparation of the FEED report, cost estimate and execution planning required for development of the upstream surface facilities. The surface facilities include well head infrastructure, gathering systems, gas compression, water treatment and power generation.
"This is an important project for Arrow Energy that will see us deliver gas to the world’s first CSG to LNG export facilities in 2012. We are pleased to be working with WorleyParsons who were selected because they were able to demonstrate their commitment to Arrow’s drive for excellence through LEAN production techniques and for their strong position in the CSG industry” said Mr Shaun Scott, CEO – Australia.
Work under the contract starts immediately with the FEED study to be completed in the first quarter of 2010. The FEED study will be performed by both Arrow Energy and WorleyParsons teams in Brisbane under an Integrated Project Team model.
For and on behalf of the Board
Paul Marshall Company Secretary
For further information contact:
Mr Andrew Barber (Analysts, Investors and Financial Media) 07 3012 4538 Mr Gareth Quinn (Media – General) 07 3012 4476
GPO BOX 5262 BRISBANE QLD 4001 [email protected] ASX CODE AOE arrowenergy.com.au
T +61 7 3012 4000 ARROW ENERGY LTD LEVEL 19, AM-60, 42-60 ALBERT STREET F +61 7 3012 4001 ABN 73 078 521 936 BRISBANE QLD 4000