Southern Cross wins $35m Pluto contract

Southern Cross Electrical Engineering's re-entry into the oil and gas sector has kicked off with a $35 million contract win at Woodside Petroleum's Pluto liquefied natural gas project.

The company said it had received a notice of award of contract for electrical and instrumentation work at the project's storage and loading facility.

Work on the contract will start at the end of the year with completion expected in July 2010.

Southern Cross managing director Stephen Pearce said the company has worked hard over the last 18 months, preparing for a re-entry into the oil and gas market.

"This award is the start of what is expected to be an exciting period for the company as we look at the pipeline of LNG projects that are being developed over the coming years," he said.

Southern Cross' year-to-date revenue won is currently $75 million.

Shares in Southern Cross closed up nine cents to $1.63 today.