Santos intends to award A$102 million contract to Easternwell

Transfield Services’ well services and well construction business, Easternwell, announced today that it has signed a letter of intent for several well servicing contracts with Santos.

The contracts have a combined base value of A$102 million and will continue Easternwell’s existing onshore well servicing agreement with Santos, which was to expire in November this year.

As part of the intended contracted scope of work, Easternwell will service wells at Santos and its JV partners’ Cooper Basin production sites and coal seam gas projects. Gas produced from the sites will be sold domestically and also converted to Liquefied Natural Gas for Santos’ multi-billion dollar GLNG project.

Five Easternwell rigs will be used to service Santos’ Cooper Basin and coal seam gas requirements.

“Easternwell continues to win work with major resource operators, delivering on our strategy to deepen Transfield Services’ exposure to growth opportunities and higher value work within Australia’s expanding resources sector,” said Transfield Services Managing Director and CEO, Peter Goode.

Transfield Services acquired Easternwell in December 2010 and has a robust pipeline of work developing in oil and gas, power, defence, transport and social infrastructure, providing continuing diversification for the business.

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Transfield Services employs over 19,000 people across 18 industries and 10 countries. We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.
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