Duratec, the engineering, construction, and remediation contractor, through its wholly owned subsidiary, Duratec (PNG) Limited, has been awarded a contract with Lihir Gold Limited, a subsidiary of Newmont Corporation, for the provision of plug and abandonment (P&A) services at the Lihir Operations in Papua New Guinea.
A portion of the contract scope relates to Phase 1 of the Lihir Nearshore Soil Barrier (NSB) Project, and the contract is expected to generate multi-million-dollar revenue over the 12-month contract term (~A$45m). Additional scope is available to Duratec, as approved by Newmont.
The scope of work includes the provision of integrated services to safely execute well P&A activities.
Duratec (PNG) Limited will deliver the project leveraging experienced personnel from across the group, together with established subcontractors with extensive technical and local experience. The project will also be supported by the broader technical expertise of its subsidiary DXP Energy Solutions. Equipment required for the project will be sourced under standard commercial dry hire arrangements.
Work is expected to commence immediately with the mobilisation of equipment and personnel.
This award represents an important milestone in Duratec’s expansion in the energy and resources services sector and its continued growth in the Papua New Guinea market.
Duratec Managing Director, Chris Oates, commented:
“We’re delighted to expand our relationship with Newmont through the delivery of services in Papua New Guinea for the first time. This award reflects Duratec’s ability to deliver specialised services by leveraging expertise across our group, including DXP Energy Solutions, and supports our strategy of growing alongside existing clients into geographies where they operate.”
