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WORLEY LIMITED — Capital/Financing Update 2009
May 6, 2009
66073_rns_2009-05-06_acb39ed7-d960-43b4-89bb-386e670f2120.pdf
Capital/Financing Update
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7 May 2009
ASX STATEMENT
TRANSFIELD WORLEY TRAGS ACHIEVES US$100 MILLION EXTENSION IN QATAR
Transfield Services joint venture Transfield Worley TRAGS (TWT) today announced US$100 million in maintenance and shutdown work with RasGas in Qatar. The work is a two-year extension of the joint venture’s existing maintenance contract with RasGas, which has been expanded to include shutdowns.
This brings the joint venture’s total value of work with RasGas to US$117 million following the announcement in April of US$17 million worth of shutdown work.
The shutdown component of the work, which comprises approximately 50 per cent of the total contract, will be delivered by Transfield Services on behalf of the TWT joint venture, with the maintenance component to be completed concurrently by the TWT joint venture team.
Transfield Services CEO International, Mr Paul McCarthy, said today: “There are a lot of opportunities for Transfield Services in Qatar, leveraging our global systems and processes and ability to manage complex projects and workforces to provide essential services to the Qatar resources and industrial sector.”
“Our ability to mobilise large teams of highly skilled people makes us an invaluable service provider in the resource-constrained Gulf Region,” Mr McCarthy said.
Transfield Services has provided consolidated maintenance and project services to RasGas’ Qatar-based LNG facilities through its joint venture TWT since November 2004.
RasGas is a joint venture between Qatar Petroleum (70 percent) and ExxonMobil (30 percent) to operate LNG facilities in Qatar.
Media Enquiries Investor Relations Enquiries Liz Jurman David Slack-Smith Group General Manager, Corporate Affairs General Manager, Investor Relations Ph +61 2 9464 1615 Ph +61 2 9464 1019 Mb +61 438 399 435 Mb +61 403 289 130
Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 29,000 employees in Australia, New Zealand, the United States, the United Arab Emirates, Qatar, New Caledonia, South East Asia, India, Chile and Canada. Transfield Services Limited is publicly listed in Australia. www.transfieldservices.com
Transfield Services Limited ABN 69 000 484 417