The commencement of the project is followed by the final investment decision on the Chevron-operated Gorgon project from the Gorgon joint venture participants, expected in the second half of 2009.
“The Toll plans to execute the scope of work of this contract through the WA based operations of Toll Energy, which specializes in providing supply chain management and logistics services to the Oil and Gas exploration, construction and production industries in Australia,” said Paul Little, Toll managing director.
“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,” Little said.
The Gorgon project is a joint venture between the Australian subsidiaries of Chevron (operator), Exxon Mobil Corporation and Royal Dutch Shell Plc, to develop the Greater Gorgon gas fields, located between 130 kilometers and 200 kilometers off the north-west coast of Western Australia. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas.
