Monadelphous secures major contract with Shell

Monadelphous Group Limited (ASX: $MND) has announced the securing of a major long-term maintenance and minor construction services contract associated with Shell Australia Pty Ltd's Prelude Floating Liquefied Natural Gas (FLNG) facility. The seven-year contract will commence in November 2024, following the expiry of the Company's existing contract with Shell.

Monadelphous Managing Director's Comments on the Contract

Monadelphous Managing Director Zoran Bebic expressed delight in continuing to deliver services to Shell on the Prelude FLNG facility. He emphasized the significance of renewing this substantial contract, highlighting Monadelphous' leadership position in the Australian energy maintenance market, both onshore and offshore.

Summary of Monadelphous' Contract with Shell

Monadelphous Group Limited has secured a major long-term maintenance and minor construction services contract associated with Shell Australia Pty Ltd's Prelude Floating Liquefied Natural Gas (FLNG) facility. The seven-year contract, commencing in November 2024, reaffirms Monadelphous' leadership position in the Australian energy maintenance market. The Company will continue providing onshore project management and planning services at Shell's head office in Perth, Western Australia, and offshore maintenance services at Prelude FLNG, located in the Browse Basin. Monadelphous does not anticipate any material change to the annual revenue contributed under the new contract from that delivered in prior years.