CIMIC Group’s
(ASX:CIM) Leighton Holdings has been awarded a contract by Australia Pacific LNG to deliver gas field development works in the Surat basin in Queensland.
The Collaborative Well Delivery Project is expected to generate revenue of approximately $300 million to Leighton Contractors over two years.
Under the contract, Leighton could deliver approximately 200 wells per annum in a series of work packages.
The project’s planning phase for the first Project Works Package is underway and construction works commence in early October 2015.
CIMIC Group reported a net profit of $258.2 million at June 30.
