Award of FEED contracts for Woodside’s Pluto LNG Development

This project is to develop the Pluto gas field (located offshore Western Australia, in water depths of up to 1,000 metres, approximately 190 km north-west of Karratha) for export as LNG. Woodside has recently announced that it has approved $192 million for FEED work (commencing 1st September 2006) for the Pluto LNG Development.

FWWP, a joint venture of WorleyParsons (40%) and Foster Wheeler (60%) has been awarded the FEED contract for the onshore LNG production plant (which will have a capacity of between five and six million tonnes a year) and associated infrastructure (including storage facilities, loading jetty, shipping channel and a turning basin).

Eos, a joint venture of WorleyParsons (50%) and KBR (50%) has been awarded the FEED contract for the offshore platform and systems engineering for all the sub-sea facilities.

Woodside is expected to consider final approval of the Pluto development by mid 2007 and a decision will be taken at that time regarding the extension of the respective contracts with FWWP and Eos into Engineering, Procurement and Construction Management (EPCM) contracts. It is expected that each of these contracts would be material for WorleyParsons.

WorleyParsons Chief Executive Officer, Mr John Grill, said:
“We are delighted to be involved in another project in the rapidly growing global LNG business. Having key roles in both the offshore and onshore aspects of this development demonstrates the breadth of WorleyParsons’ capability and is also a testament to our strong relationship with Woodside.

This is the third project that has involved our joint venture with Foster Wheeler, and our joint venture with KBR has also had two previous major project awards. These are further indications of the strength of the partnership approach we employ.”