Under the deal with the unspecified company, PCH will continue to provide scaffolding and related management services across the site.

PCH, which has worked with the facility since 2001, said increasing levels of oil and gas fabrication work were being carried out there on an ongoing basis.

The company has also recently secured other contracts in Indonesia, Qatar, Thailand,

Singapore and Oman.

Chairman Bill Ryan said the extension and new contracts were further evidence of the growing strength and reputation of PCH in international markets.

“We have previously flagged that the 2007 financial year will be a year of transition as a consequence of time lags between major projects finishing and new projects starting up, some project delays, the costs of expanding into new markets and mobilisation costs,” Ryan said.

He said this would be reflected in a weak first half result to be announced on February 28 and in the full-year result.

“The board is confident, however, that our competitive position in existing and new markets and the new major projects coming onstream in local and overseas markets has positioned PCH for substantial and consistent growth in earnings over the medium to longer term,” Ryan said.