Brisbane, 9 June 2015: WDS Limited
(ASX:WDS) has been awarded a balance of works contract on Arrow Energy’s Daandine Expansion Project (DDEXP) in Queensland under its 50:50 Joint Venture with China Petroleum Engineering & Construction Corporation (“CPECC”). The new contract includes the installation and commissioning of 3 compression stations.
The value of these works is in the region of $32.9 Million bringing the total award to the Joint Venture of approximately $60 Million, on the Daandine Expansion site. These works are part of the Construction Master Services Agreement signed in July 2014 between Arrow Energy and the Joint Venture partners.
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