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ERM Power - Coal Seam Gas

Transfield Services

27 February 2014 - Transfield Services wins $190 million of new contracts wins $190 million of new contracts

Transfield Services has been awarded new contracts with QGC Pty Ltd in Queensland and Chorus in New Zealand as part of the installation of the country’s Ultra-Fast Broadband (UFB) network.

The contracts are worth a combined A$190 million and include:

 Transfield Services subsidiary, Easternwell, has been awarded two new contracts with QGC Pty Ltd worth a combined A$90 million, including:

 a A$50 million contract for two Advantage light well servicing rigs for the continued maintenance of QGC Pty Ltd’s coal seam gas well program in the Surat Basin.

 a A$40 million contract for a heavy drilling rig for the QGC Pty Ltd’s Tight Gas Sand project in the Bowen Basin.

 A new A$20 million contract with QGC Pty Ltd to install a pipeline and compression facility near Dalby in Queensland.

 Two new contracts with Chorus (NZX: CNU) which, in combination, are worth approximately $NZ88 million, including:

 a new five-year agreement for the installation of New Zealand’s Ultrafast Broadband Network in Blenheim, Nelson, Rotorua, Taupo and Whakatane, and

 a new two-year agreement to deliver the remaining portion of the Rural Broadband Initiative (RBI). This contract is part of the New Zealand government’s programme to install broadband in rural regions of the country. Transfield Services’ scope of work covers the Waikato, Bay of Plenty, Taranaki, Wanganui, Marlborough and Tasman regions.

“Winning leveraged work with existing clients is a fundamental part of the Company’s growth strategy and it is underpinned by high quality service delivery”, said Graeme Hunt, Transfield Services Managing Director and Chief Executive.

“This will continue to be a major focus for our business.”

Transfield Services has established a strong presence in Queensland’s burgeoning coal seam gas industry. It also has a longstanding commitment to New Zealand, where it is a leading provider of transport infrastructure and telecommunications services.

Transfield Services signs contract with Department of Immigration and Border Protection

24 March 2014 Transfield Services announced today that it has now signed a contract with the Australian Department of Immigration and Border Protection, formally completing an agreement to provide Garrison Support and Welfare Services to the Department’s facilities on Nauru and Manus.

The duration, value and terms of the contract are unchanged from those disclosed to the market in an earlier announcement on 24 February 2014.

Transfield Services will formally take over full operation of the Manus facility from 28 March.

Transfield Services receives Letter of Intent for Department of Immigration and Border Protection contract

24 February 2014  - Transfield Services announced today that it has received a formal Letter of Intent from the Commonwealth of Australia for the award of a contract over a 20 month period, to provide Garrison and Welfare Services at the Australian Department of Immigration and Border Protection Offshore Processing Centres on Nauru and Manus.

Based on the current occupancy of each centre, the contract is valued at $1.22B. Medical and counselling services will remain the responsibility of IHMS.

On Manus the Company will sub-contract security services to Wilson Security, as it has on Nauru.

“We are pleased with the expanded size and scope of our relationship with the Commonwealth and believe that this is a vote of confidence in both our track record and our ability to continue to deliver,” said Graeme Hunt, Transfield Services’ Managing Director and Chief Executive Officer.

“Transfield Services has considerable experience in this type of work, having been on Nauru since the centre there was established and before that, providing similar services at Defence facilities across New South Wales, Victoria, South Australia and Western Australia”

"We do not underestimate or take for granted the differences in circumstances in Nauru and Manus . However we know that we can bring much of that knowledge and our practical approach to Manus Island for the benefits of all stakeholders.

We take this opportunity and responsibility very seriously,” Transfield Services has already started the mobilisation and transition process, with a formal handover commencing at the beginning of March 2014.


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