Chevron Australia signs deal with Toll Group

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Chevron Australia has signed a deal with Toll Group, an integrated logistics services provider in the Asian region, to manage the Barrow Island Supply Base and Logistics Services contract for the Gorgon Project.

The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron
(Operator), ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located
between 130km and 200km off the north west coast of Western Australia.

The deal is worth around A$180 million (£87.4 million) over three years and is expected to commence on the island following government approval and a final investment decision from the Gorgon Joint Venture participants, expected in the second half of 2009.

The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas.

Paul Little, Toll Group’s managing director, said: “The Toll Group plans to execute the scope of work of this contract through the WA based operations of Toll Energy, which specialises in providing supply chain management and logistics services to the oil and gas exploration, construction and production industries in Australia.

“Toll intends to look at further investments and organic growth in the resources sector both in Australia and overseas. The resources business continues to be a strong performer for the Group.”

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