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Transfield: Worley JV US$100 Million Contract Extension In Qatar

07/05/2009 2:53am

Dow Jones News

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Transfield Services Ltd. (TSE.AU) said Thursday that its joint venture with WorleyParsons Ltd. (WOR.AU) has a US$100 million contract for maintenance and other work with RasGas in Qatar.

The work is a two-year extension of the joint venture's existing contract, which has been expanded to include shutdowns, bringing its total value of work with RasGas to US$117 million, the Sydney-based company said in a statement.

RasGas is a joint venture between Qatar Petroleum, which holds a 70% stake, and ExxonMobil, which has a 30% interest, to operate liquified natural gas facilities in the Middle Eastern state.

-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095; andrew.harrison@dowjones.com