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Skilled Group Ltd's Skilled Offshore Pty Limited Secures Key Oil And Gas Contracts

Tuesday, 24 Sep 2013 06:32pm EDT 

Skilled Group Ltd announced that its wholly owned subsidiary Skilled Offshore Pty Limited (Skilled Offshore) has signed a Letter of Intent (LOI) advising it has been awarded a contract with Saipem to provide manning services for the Gas Export Pipeline component of the INPEX-operated Ichthys LNG Project. This project will construct an 889 kilometre pipeline connecting the offshore central processing facility to the onshore processing facility in Darwin. Under the contract, Skilled Offshore will provide qualified construction & marine crews for engagement on the pipe-lay vessels. The total contract value is approximately AUD200 million. There is also provision for the supply of technical professional roles to the project, which would further increase the value of the contract. The award is subject to completion of contract documentation which is expected to occur within the next four weeks. Planning for project execution will begin immediately with construction and marine activity expected to commence towards the end of the 2014 financial year. This phase of the project is due to be completed by mid-2015.