Total sells field to Clough

Total sells field to Clough

PERTH (Dow Jones): Clough Ltd., an Australian engineering and construction company, said Thursday it has won an A$82 million contract at the Tunu gas and condensate field in Indonesia for a unit of France's Total SA.

PT Petrosea Tbk, a Clough subsidiary, will engineer, procure, construct and install offshore platforms and pipelines for phase seven of the Tunu field. The project is in east Kalimantan.

Clough said in a statement that work will start "immediately," and is due for completion in 20 months.

Shares in Clough closed steady at 71 cents after a shortened trading session on the Australian Stock Exchange.