Wednesday, May 29th, 2013 - ATCO Australia
PERTH, AUSTRALIA -- (Marketwired) -- May 27, 2013 -- ATCO Structures & Logistics Pty. Ltd (ATCO) is pleased to announce that it has entered into an agreement with Bechtel to design, manufacture, transport and install 357 modular units for the Chevron-operated Wheatstone Project in Western Australia. The contract, valued at an estimated A$100 million, commenced with the design phase in mid April 2013.

As a result of the agreement, ATCO expects to create 137 new jobs, including 42 manufacturing jobs in Perth and Brisbane and 95 jobs based onsite at Ashburton North, 12 kilometres west of Onslow in Western Australia. The new roles created onsite include engineering, plumbing, carpentry, electrical trades, general laboring and administrative positions. The agreement also supports 70 existing manufacturing, in-house subcontractor and support staff positions.

The units supplied will be used to form a variety of office complexes and free standing modular buildings onsite including training centres, IT buildings, guardhouses and medical centres. "Our proven track record providing large scale turnkey projects in Australia was a key element in winning this contract," said Adam Beattie, Managing Director, ATCO.

"We are very pleased to have the opportunity to work with Bechtel and Chevron and will ensure our component of the project is executed to the high standards of quality and safety already evident across the Wheatstone Project."

The units will be built at ATCO's manufacturing facilities in Brisbane and Perth. The 14,000 m2 facility in Perth is the newest addition to ATCO's construction operations in Australia. The plant is expected to be fully operational in September 2013 and will supply approximately 60 per cent of the required units for the Wheatstone Project.

This is ATCO's fourth major contract win supporting LNG projects in Australia. In 2011 and 2012, ATCO delivered three large workforce housing projects for LNG facilities on Curtis Island, providing more than 6,000 beds for workers constructing LNG terminals.

About ATCO Structures & Logistics Pty Ltd:

ATCO Structures & Logistics Pty Ltd is the Australian division of ATCO Structures & Logistics Ltd. Headquartered in Brisbane, Queensland, the division has nine sales offices and five manufacturing facilities throughout Australia. Established in 1961, the company has provided modular design, manufacturing, and construction services throughout Australia and Asia.

ATCO Structures & Logistics offers modular buildings, site services and industrial noise control solutions worldwide. With manufacturing facilities in North America, South America and Australia, and operations on six continents, the company has the expertise to deliver a rapid, turnkey solution anywhere it is needed. To learn more, visit www.atcosl.com.

ATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group, with more than 9,400 employees and assets of approximately $14 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions). More information can be found on www.atco.com.

About the Wheatstone Project:

The Chevron-operated Wheatstone Project is one of Australia's largest resource projects. Located at Ashburton North, 12 kilometres west of Onslow in Western Australia, the project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant. The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron, Apache Corporation, Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell and Kyushu Electric Power Company (Kyushu) together with PE Wheatstone Pty Ltd (part owned by TEPCO).

About Chevron Australia:

Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of around 4,000 people, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; and operates Australia's largest onshore oilfield on Barrow Island and the Thevenard Island oilfields. Chevron is also a significant investor in exploration offshore northwest Australia and its Perth-based Global Technology Centre provides technology support and solutions to the company's operations in Australia and around the world. www.chevronaustralia.com.

About Bechtel:

Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right-no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, our 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries. For more information about Bechtel visit www.bechtel.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.

The forward-looking statements contained in this news release represent the Corporation's expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Contact Profile

ATCO Australia, Mark White Corporate Affairs Manager

P: +61 8 9320 0252
M: +61 419 931 024
W: www.atcosl.com

Keywords

modular units for the Chevron-operated Wheatstone Project in Western Australia.

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