Ferguson Modular Awarded Woodside Angel Contract

Ferguson Modular has been awarded a major £1million (AU$2.5 million) contract from Woodside Energy Ltd. for the supply of a multi module accommodation complex for the Angel project on Australia's North West Shelf, comprises of the hire of six eight-man accommodation modules plus an office and a medic module, and the purchase of a galley and a food store module. The units will be linked and stacked to form a complex capable of sleeping up to 48 persons on the normally unmanned fixed gas processing platform.

Gary Wilson, Divisional Manager - Module Hire said "This is a high profile project and we are delighted to have been awarded this contract. This is our third module hire contract with Woodside, and our fifth in Australia, which is an important market for the Ferguson Group. We are pleased that Woodside has chosen us to provide an innovative solution to their accommodation requirements. Our flexible designs provide a quick, simple and cost effective option and we can now offer solutions upwards to 200 POB."

The Angel development area lies approximately 80 miles (130 kilometres) offshore on Australia's North West Shelf. The complete project will include installation of a third major offshore production platform off the North West Shelf and associated infrastructure, including a new 50km subsea pipeline tie back to the North Rankin A platform from Angel which will underpin the North West Shelf Venture's current gas contracts and future sales.

Mike McKay, Divisional Manager – Manufacturing comments "With an increase in upgrade and maintenance work now being carried out both in the North Sea and internationally, there has been a high level of demand for additional bed and workspace, both on a temporary and permanent basis and as a result we are investing heavily in new technologies and equipment for our global hire fleet."

This is the fourth major contract awarded to Ferguson Modular this year bringing the total value of orders placed during Q1 2007 to over £3million.