Sydney, 21 March 2014: WDS Limited
(ASX:WDS), a leading integrated services provider to the energy and mining sectors, today announced that its Energy Division, in joint venture with China Petroleum Engineering & Construction Corporation (“CPECC”), has signed a Field Development and Operations Construction Master Services Agreement with Arrow Energy for Arrow’s Domestic Gas requirements. Arrow Energy has a sizeable domestic gas business and supplies gas to Braemar, Braemer 2, Daandine and Townsville Power Stations and two mineral refining facilities in North Queensland. CPECC is a major engineering and construction company with large-scale petroleum, petro-chemical and civil projects across the Asian, American and African continents as well as in Australia.
The term of the Agreement is 2 years with an option to extend for a further 1 year. The initial anticipated value of the contract will be $40-80M over the first 2 year period.
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