Release Date: 01 July 2009
Release ID: 4185
Toll Group, the Asian region’s leading provider of integrated logistics services, is pleased to announce that it has entered into an agreement with Chevron Australia Pty Ltd
(Chevron) to manage the Barrow Island Supply Base and Logistics Services contract for the Gorgon Project. The contract is valued at approximately A$180m over 3 years.
The work is expected to commence on the island after receipt of all necessary government approvals and following a final investment decision on the Chevron operated Gorgon Project from the Gorgon Joint Venture participants, expected in the second half of 2009.
“The Toll Group plans to execute the scope of work of this contract through the WA based operations of Toll Energy, which specialises in providing supply chain management and logistics services to the Oil and Gas exploration, construction and production industries in Australia,” said Toll Group Managing Director Paul Little.
“Toll intends to look at further investments and organic growth in the resources sector both in Australia and overseas. The resources business continues to be a strong
performer for the Group,” Mr Little said.
The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (Operator), ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located
between 130km and 200km off the north-west coast of Western Australia. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas, Australia’s
largest-known gas resource.
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