Clough Wins Hazira Gas Project Contract

Clough Limited's Offshore Division has been awarded a contract in excess of A$100 million for the Hazira Gas Project, located in the Bay of Cambay on the west coast of India for operator Niko Resources of Canada and Gujarat State Petroleum Corporation Ltd (GSPC).

"The Hazira project is another major contract for the Clough Group and particularly the Offshore Division. India's Oil & Gas expansion plans for the future are very promising and Clough is committed to assist India in its expansion plans," Dr. Brian Hewitt, Managing Director of Clough Limited said.

Work on the project will commence immediately with completion and first production due early 2004. This is the fourth project to be undertaken by Clough in India.

The scope of the contract includes the engineering, procurement, construction, installation and commissioning of: A 6-leg offshore drilling/wellhead platform in 18 meters water depth with an output of 150MM standard cubic feet per day of sales gas.

Approximately 4.5 kilometers of 12" subsea pipeline inclusive of tie-ins and some modifications to the onshore gas plant. "Oil and gas opportunities in Asia and the Sub-Continent continue to be very promising and we look forward to ongoing success in the region," Dr. Hewitt said.

As well as the Hazira project, the Clough group has also recently won oil and gas contracts in Indonesia and in the Bass Strait and North West Shelf areas of Australia.

This award maintains the group's work in hand in excess of $1.2 billion.