Skilled Group Limited (ASX:SKE) wholly owned subsidiary Skilled Offshore has been awarded a contract for works on the Icthys LNG Project offshore Western Australia.
The contract is valued at approximately $200 million and comprises construction of an 889 kilometre pipeline connecting the offshore facility to an onshore processing facility in Darwin.
Construction is expected to commence towards the end of the current financial year, with completion slated for mid 2015.
The contract award remains subject to completion on contract documentation which is expected to occur in the next four weeks.
Skilled Group generated a net profit of $56.1 million in fiscal 2013.
SKE Price at posting:
$3.22 Sentiment: None Disclosure: Held
