Oil Search EPC award
Engineering company Monadelphous Group Limited (ASX:MND) (“Monadelphous”) today announced
that, in joint venture with Jacobs Engineering Group Inc. (“Jacobs”), it has received a letter of intent
from Oil Search Limited to enter into a new proposed five year contract for engineering, procurement
and construction (EPC) services on Oil Search’s oil and gas production facilities in the Highlands
region of Papua New Guinea (PNG), valued at approximately US$50 million per annum.