Energy Club NT - Monadelphous Group receives letter of intent for variation to INPEX contract

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Monadelphous Group receives letter of intent for variation to INPEX contract

Monadelphous Group receives letter of intent for variation to INPEX contract

18 Oct 2023 3:55 PM | Stephanie Berlin (Administrator)

Monadelphous Group Limited (ASX:MND) today announced it has received a letter of intent for a variation to its existing offshore maintenance services contract with INPEX Operations Australia P/L.

Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has received a letter of intent for a variation to its existing offshore maintenance services contract with INPEX Operations Australia P/L (“INPEX”).

The existing contract includes operational, campaign and shutdown maintenance services and brownfield projects implementation associated with the INPEX-operated Ichthys LNG offshore facilities in the Browse Basin approximately 450 kilometres from Broome, Western Australia and was recently extended by four (4) years (refer to ASX announcement on 4 May 2023).

The variation, which is valued at approximately $75 million per annum, will add to the Company’s scope of work under the existing contract to include the provision of similar services at the INPEX-operated Ichthys LNG onshore processing facilities at Bladin Point in Darwin, Northern Territory. Monadelphous is working closely with INPEX to finalise the terms of the variation.

to view the full ASX announcement, click here.

Source: Monadelphous Group Limited

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