Duratec Limited (ASX: DUR) has been awarded a contract with Lihir Gold Limited, a subsidiary of Newmont Corporation, to provide plug and abandonment (P&A) services at the Lihir Operations in Papua New Guinea. The contract, valued at approximately AU$45 million, includes the Phase 1 of the Lihir Nearshore Soil Barrier (NSB) Project and is expected to generate significant revenue over the 12-month term, subject to scope and performance.
The scope involves delivering integrated services to safely execute well P&A activities, leveraging Duratec’s experienced personnel and established subcontractors. The project will be supported by DXP Energy Solutions, Duratec’s joint venture. The contract represents a key milestone in Duratec’s expansion in the Energy and Resources sector and further solidifies its position in the Papua New Guinea market.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Duratec Awarded Multi-Million PNG Services Contract
Duratec Limited (ASX: DUR) has been awarded a contract with Lihir Gold Limited, a subsidiary of Newmont Corporation, to provide plug and abandonment (P&A) services at the Lihir Operations in Papua New Guinea. The contract, valued at approximately AU$45 million, includes the Phase 1 of the Lihir Nearshore Soil Barrier (NSB) Project and is expected to generate significant revenue over the 12-month term, subject to scope and performance.
The scope involves delivering integrated services to safely execute well P&A activities, leveraging Duratec’s experienced personnel and established subcontractors. The project will be supported by DXP Energy Solutions, Duratec’s joint venture. The contract represents a key milestone in Duratec’s expansion in the Energy and Resources sector and further solidifies its position in the Papua New Guinea market.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au