Toll Group to manage Gorgon Project's Barrow Island supply base and logistics

Mon. June 29, 2009; Posted: 10:28 AM

Jun 29, 2009 (Datamonitor via COMTEX) -- XOM | Quote | Chart | News | PowerRating -- Australian logistics services provider Toll Group has entered into an agreement with Chevron Australia to manage the Barrow Island supply base and logistics services contract for the Gorgon Project.

The contract is valued at approximately A$180 million over three years. The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron, ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located between 130km and 200km off the north-west coast of Western Australia.

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.

Paul Little, managing director of the Toll Group, said: "The Toll Group plans to execute the scope of work of this contract through the Western Australia-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."

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For full details on Exxon Mobil Corporation (XOM) click here. Exxon Mobil Corporation (XOM) has Short Term PowerRatings of 6. Details on Exxon Mobil Corporation (XOM) Short Term PowerRatings is available at This Link.

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