Decmil Awarded $36 million Contract Extension By BHP

August 17th, 2009

WA-based engineering and construction company, Decmil Group Limited (DCG) today announced its wholly owned subsidiary Decmil Australia Pty Ltd has been awarded a A$36 million variation for Stage 2 of BHP Billiton Iron Ore’s Port Haven accommodation village in Port Hedland. The contract includes the installation of 800 two-storey accommodation rooms and a wet mess. This variation to the original contract awarded by BHP Billiton Iron Ore to Decmil in May 2009 brings the total contract value to approximately A$100 million. Stage 1 of this contract comprised the single story components for the village.

Decmil Group Limited CEO Scott Criddle said this additional work lifts the group’s total forward order book to A$384 million of which approximately A$240 million relates to FY 2010, subject to project timing. “Decmil currently has the resources to service contracts to the value of up to A$500 million,” Mr Criddle said. “With recent upgrades in our company systems and processes, and with our continually strengthening financial position, we remain confident in maintaining Decmil’s solid reputation for producing quality work on time and on budget for this and other recently announced larger value contracts. This new contract is further recognition of Decmil’s solid reputation with blue-chip companies and provides DGL with a solid platform for future growth,” Mr Criddle said.

The design work for Stage 2 and on-site work is expected to commence immediately. Decmil’s current project portfolio includes: Chevron’s Gorgon Accommodation Project (part of TDK JV), work on three significant contracts for Woodside’s Pluto LNG Gas Project, BHP Billiton’s Rapid Growth Project 5 and Rio Tinto’s Brockman iron ore project.

www.decmil.com.au


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