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Verbrec Limited (ASX:VBC)

ALERT: Price-sensitive ASX Announcement for VBC
Current share price for VBC : $0.183 0.008 (4.29%)+
Announcement
Release
29 Jun 2026 9:46AM
Price at Release
$0.175
Full Release
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Summary
Verbrec Limited has secured a $21 million contract to upgrade the McArthur River Pipeline in the Beetaloo Basin, awarded by the Northern Territory Government-owned Power and Water Corporation. This project aims to enhance gas supply security by unlocking commercial gas from the Beetaloo sub-basin, a significant new gas resource in Australia. The contract will be executed in two stages, expected to be completed by 2028, and will involve comprehensive engineering, procurement, and construction activities. This award highlights Verbrec's capacity in delivering turnkey solutions and reinforces its reputation as a leader in pipeline engineering in Australia.
Key Points
  • Verbrec awarded $21 million contract for McArthur River Pipeline upgrade.
  • Project will unlock gas from Beetaloo sub-basin, enhancing energy security.
  • Contract involves design, procurement, fabrication, installation, and commissioning.
  • The project is structured in two stages, to be completed by 2028.
  • Verbrec's strong reputation in pipeline engineering highlighted by the award.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.