Transfield Services secures A$33 million construction contract

Tuesday, Aug 31, 2010

Transfield Services has secured a construction contract to the value of A$33 million with Caltex Australia, leveraging off its market leading position in the Australian hydrocarbons maintenance services sector.

Transfield Services will build new fuel storage tanks and a road tanker loading facility at Caltex’s fuels terminal at Port Hedland in the Pilbara region of Western Australia. Commencing in September, the project is expected to take approximately 12 months and will provide significant expansion of fuel delivery capacity in a growing region.

The Caltex contract follows an August 26 announcement for a A$38 million construction contract with BHP Billiton.

Transfield Services’ Managing Director and Chief Executive Officer, Mr Peter Goode, said today; “This is another significant win for the Company, as we continue to build on our position in the hydrocarbons maintenance services sector to help secure construction projects.

“This new direction is part of the Company strategy, and a wider industry trend, of maintenance and reliability experts becoming more involved in the initial design and construction phase of assets.”

Over 85 percent of the Company’s services are delivered under long-term contracts and relationships with key clients.

Transfield Services has a robust pipeline of work developing in oil and gas, power, defence, transport and social infrastructure, providing continuing diversification for the business.

Source: Transfield Services