The Toll Group, based in Melbourne, Australia, has entered into an agreement with Chevron Australia 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 Greater Gorgon gas fields contain resources of about one trillion cubic metres of gas and is Australia's largest-known gas resource.
According to the integrated logistics services group, the contract is valued at approximately US$145 million over three years.
The work is expected to commence on the island after receipt of all necessary government approvals and following a final investment decision on the Chevron-operated Gorgon Project from the Gorgon Joint Venture participants, expected in the second half of 2009.
"Toll intends to look at further investments and organic growth in the resources sector both in Australia and overseas," said Toll Group Managing Director Paul Little. "The resources business continues to be a strong performer for the group."
