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Tue, 9 August 2011
Clough has agreed to sell its offshore marine construction division to Malaysian-listed SapuraCrest Petroleum Berhad for $A127 million.
Clough’s offshore marine construction division includes the derrick lay barge, Java Constructor, and associated marine construction equipment. Relevant contracts, including Chevron’s Gorgon LNG Development pipeline project, are proposed to be novated.
The division will continue to operate from Perth after the sale.
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Image caption: Clough's Java Constructor vessel.
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